GLD, SPY and AMZN

Well, looks like markets could give you another shot at an entry at lower levels. Looking at gold the chart is telling us that some bounce could occur very shortly and may have a negative affect on the broader market indices. See Gold below, note the oversold area would support gold to retest its last fibonacci break producing a shorting opportunity to the next fib retrace level (see chart below).

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Another interesting chart is AMZN. If we can get a nice MACD bullish cross soon then this should put some gas in the stock.

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