$GDM Update…

The moment of truth has arrived for the $GDM. Is the small possible double bottom at the 62% retrace at the 560 area going to hold support and start the next reversal rally backup toward the 875 area, or is the potential H&S top reversing the big move up out of the January low? The 50 day ma has just recently crossed below the 200 day ma. For those that believe the double bottom and the 62% retrace is going to hold, this is a very low risk setup to go long putting your sell/stop, to your own risk tolerance, below the 62% retrace.

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