You’re down for the month 3.55%. For the week, the market was down 2.41%. It did not go into what we call a ‘key reversal’. You made the highest high, and you closed lower. You didn’t take out the prior week’s low. The support in the market, I’ve been telling you on different charts, is probably going to be the 18-week average of closes. That does not mean, I am saying you have to go there.
Momentum-wise, you kept the bullish embedded reading; GLD did not. Interesting, how they broke apart. If it were to close under 79, then I can see the price in the 18-week, setting up to maybe make a run at each other.
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