I didn't like what I was seeing as there were clear distribution spikes on the 5 min chart and we might need some retests/ more churn for this move to get moving again. I am still bullish short term but would like to a safer entry point.
Re-entered GLD short at 121. Looks like GLD finally doing what I thought it would as I got faked out Friday. If I was on the ball, I would've re-entered with small position short at end of day Friday but at least today as acting as confirmation of a potentially big move down. I think there is possibility it hits low 110's.