E A Look At The GLD

Here is the Primary Indicator for GLD day. Adding today’s data, I've indicated with the circle where the Primary Indicator is making a lower high having been way above the upper green line in June. As a result GLD will go lower. Strange considering the worldwide mayhem but there you go. I'm reverting to my old trading philosophy: ignore the fundamental information and the news, all you need to know is reflected in the numbers.

Disclosure: No positions in stock mentioned

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