There are
swing trading opportunities in this case too, with the trader taking a long position near the support area and taking a short position near the resistance area.
However, upon closer examination of the big picture, we see that momentum of $ GLD may now be reversing, which could provide for a solid
swing trading opportunity on the long side.
After having locked in solid gains on a string of winning ETF trades over the past few days, we are now «Flat and Happy,» patiently waiting in SOH mode for the stock market to provide us with our next low -
risk swing trading opportunities.
If a low - risk entry point into this setup can be found, subscribing members of The Wagner Daily will be alerted to
the swing trade opportunity with exact entry, stop, and target prices.
This price action is bullish and offers
a swing trading opportunity with the potential to test the recent swing high of 1293,75.