Saturday, June 03, 2023 2:16:12 PM
Gold 1.5K Tick:
Great call on the pb in gold jb. Here's a look @ the killer short set up this week on the 1.5K tick:
Pros (institutions & algos noted by blue bars) were active in short-term tops since @ least 5/30 taking profits & going short. By 5/31 the bull trap was set. Then retail long chasers (yellow bars with "R" above) stepped in 6/1 only to get wrong-footed as gold did, what you astutely noted it has done numerous times in the past, flush bigtime on a Friday.
GLD put$$$$$ yesterday!
Congrats!
Great call on the pb in gold jb. Here's a look @ the killer short set up this week on the 1.5K tick:
Pros (institutions & algos noted by blue bars) were active in short-term tops since @ least 5/30 taking profits & going short. By 5/31 the bull trap was set. Then retail long chasers (yellow bars with "R" above) stepped in 6/1 only to get wrong-footed as gold did, what you astutely noted it has done numerous times in the past, flush bigtime on a Friday.
GLD put$$$$$ yesterday!
Congrats!
FREE REAL TIME PENNY STOCKS & OPTIONS BUY & SELL ALERTS:
OPEN HANDED TRADERS
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
