GLD continues to improve. Its just a Doji among several Doji's recently, so we shouldn't get very confident about it, but it gapped up and couldn't fully fill the gap, which shows some strength.
Also, notice today's high is higher than the most recent swing high 3 candles ago. That shows some strength.
We're up against a resistance level so we might level out here for a few days, or even start a down leg.
We're up against a resistance level so we might level out here for a few days, or even start a down leg.
This Cup and Handle pattern is on its 3rd handle when there should be only one. So I'm losing confidence, but we are generally going in the right direction. Up.
Decision has to be to hold the position. However, the first of 2 differently dated 150-155 Call Spreads, introduced at the beginning of this thread, will expire at the end of the day tomorrow. Pretty sure its going to expire worthless, so I dropped the asking price to a minimal quarter of the cost.
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