GLD isn't looking well today. We rejected off the resistance level, spent time under the 8ema, and the ADX crossed negatively. However, we did close above the 8ema and bounced off the 20dma.
This is not what a Cup and Handle should look like, but not quite ready to exit until we form a bearish candle pattern and close under the 8ema.
So, I'm staying in and relying on my GLD April 145 Put. If I didn't mention it before, I got this Put option on 2/4/20 for $1.97 for protection.
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