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First gap filled…
This correction was expected.
This could just be another BULL flag forming..
I will not get crazy bearish until the lower blue trend line is breached …
WATCH THE RSI 5 TREND LINE…AS THE OTHER INSTANCES, WHEN THIS LINE IS BREACHED TO THE UPSIDE; THAT IS THE TIME TO GO LONG..
I am not able to update chart–fly fishing in the boonies of Montana…
PEACE OUT!
im just not seeing anyting bullish right now on the charts short term.. including the daily.. i dont know where support will be found.. lost the 20 sma today which was first place i was looking for a bounce… one thing is for sure.. gold needs to hold 1300 on a daily closing basis or things could get nasty… 1300 i think is key.
TLT has much more downside potential too…Just trying to stay objective as possible.
me to.. trying to stay objective..charts will lead the way and continue to do so.