GLD entering short term pull-back? Treasuries and $USD ripped.

TLT: Chart with Detailed Levels

Market Structure: Still overall Bullish

Momentum: Neutral (turned up today - if follow through tomorrow = bullish)

Internals: Positive

Block Volume: Neutral

GEX: Positive

TLT Summary: We saw this being accumulated yesterday and price started to move today. This has been consolidating for a couple weeks with the equities strength. That is what has been keeping me concerned about the equities rally. The accumulation area is noted and any price moves in there will probably be bought (IF they happen). The supports are notated and this is probably BTD for now with GEX where it is and momentum turning up. Resistance is noted on the chart as well.

UUP: Chart with Detailed Levels

Market Structure: Still overall Bullish

Momentum: Bearish but close to resetting...keep watching this!

Internals: Neutral (but turning up towards the zero line)

Block Volume: Selling is slowing...keep watching this too!

GEX: Positive

UUP Summary: THIS REMAINS AN ALERT MONITOR NOW. Selling is waning with internals turning up and momentum turned up. The $USD shortage didn't go anywhere last few weeks...even with FED actions. Be aware of a bullish dollar move here after a high level consolidation and keep your eyes on this into week's end and into next week. This is important chart.

GLD: Chart with Detailed Levels

Market Structure: Still overall Bullish

Momentum: Bullish (exhaustion apparent now)

Internals: Positive (chasing now which isn't ideal)

Block Volume: Positive

GEX: Positive

GLD Summary: Still looking for a pull back in gold now. Candle failed right at the inflection yellow line now two days in a row. I think it holds 155. The only concern I have for this at the moment is liquidations in the event of another real bear raid in the next few weeks/month. That is something to keep in the back of your mind. Other than that big picture is very bullish and wherever this pull back stops I will close spec puts and go long again.

SLV: Chart with Detailed Levels

Market Structure: Still overall Bearish

Momentum: Bullish (but close to exhaustion)

Internals: Neutral

Block Volume: Positive (definitely chasing last squiggles higher)

GEX: Positive...but big put wall at 15.50 just dominating this

SLV Summary: Nothing new here with SLV. Cannot get through resistance and struggling even with large buying. IF it can ever push through 15.50 it will run...until then just going to meander and/or drop.

GDX: Chart with Detailed Levels

Market Structure: Neutral (improved from BEARISH but failure today hurts BULLISH)

Momentum: Bullish (exhaustion and almost turning bearish)

Internals: Turned over at high and collapsing

Block Volume: Positive but didn't help

GEX: Positive

GDX Summary: This was bearish follow through. If downside action continues then it all becomes where momentum downside burns out and the nearest price support level before a bigger decision is made. If this has high level consolidation and withstands a bear raid in late April/May, then could be a great buy...tbd. Good thing is lots of support below. Bulls want one of those to be a real hold.

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