A new indicator with some trading strategies for next week
Allison Ostrander kicks off today by sharing a new indicator that she recently developed. Claiming that this indicator can be a crystal ball we look at a few charts that Allison is trading heading into the weekend.
I asked Allison off mic about GLD, GDX, and SIL. Here is what she had to say…
“Last week GLD printed a bullish divergent bar and saw follow through off a higher this week. This week appears to be a normal bar for GLD.
GDX and SIL were both similar to GLD bullish divergent bar last week and follows through with a higher high this week. And the current bar appears to be normal
I will note that GDX did make a bullish divergent bar last month (November) on a monthly chart, so this month or in next couple of months there is a high probability GDX will see a higher high above 28.16″