Morning chart- GLD forms long pole reversal!

Gary Kwapik

By Gary Kwapik — Author

Hello Everyone,

GLD has formed what they call a long pole reversal, a 3 box reversal as shown to the upside is usually a good signal to buy for a short term move.

Moderate IV levels suggest a long call or a call calender may work here. Call debit spread is doable too.

The dollar ETF UUP as shown below the GLD chart shows the dollar index possibly falling to the lower end of the channel at the same time.

Subscribers please check website as we have important information regarding the ETF model today!this week!

GLD Chart:

Tickers: GLD

Posted to Stock & Option Scout on Mar 23, 2015 — 9:03 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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