With big tech starting to correct a bit and QQQ looking weak, I think value stocks and GLD will be a new focus for a bit. GLD broke the downward trend recently and had a nice retest already. A test of the 50EMA on that large red candle is bullish. The daily stochastic RSI has room to run and the weekly is just starting to coil upward. A lift towards 224$ is expected over the coming weeks. I plan on entering longer dated safer call setups on this.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.