GS - Watching for a breakout tomorrow above the 162.50 pivot point . Today’s action in GS was not what I wanted to see ( I’m still holding from friday ) but overall it didn’t really do any damage, was just an inside day. Either way, GS I think above 162.50 it can provide a nice trade thru 165s. Im still holding but will look at adding if we get the breakout tomorrow.
WFC - Bull flagging on the daily chart, watch this one above 43.05 ( bull flag high) for a breakout tomorrow. I keep thinking were gonna see a rotation into the banks but the price action last few days hasn’t confirmed that thought process yet. Maybe that changes tomorrow, above 43.05 is where the trade is with 44ish as my target.
GLD - Looking for a fade play tomorrow on a break under todays low. GLD has rallied about 8$ in the last 2 weeks or so and in the overall downtrend I think that fading a rally like this will work. GLD has only broke under prior days low once in the last 10 days and hasn’t closed under prior days low in 12 days so Im looking for that streak to end tomorrow. Also if you look at long term chart we are right now testing huge downtrend line.
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