Closing Thoughts

GOVT closed above that big 6 million + print. Nice reversal pattern on GOVT and TLT.

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/GC bounced right off the pivot at 1183.9. It went right to it. I had a an overnight bull swing trade in GDXJ which did not work out today. I knew better because the technicals were not quite right and I had been expecting a test of the 21 sma which was not yet reached yesterday.  We also closed below the 4 ema day on lower volume. There was some doubt in my mind about my position and I got sidetracked with the smaller prints. When in doubt, stay out. I had good reason to be doubtful. Interesting lesson today.

 

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