A Positive Leibovit Volume Reversal onin SGOL - the ETFS PHYSICAL SWISS GOLD ETF (Daily chart) combined with a rising 5/3/3 stochastic set the stage for big rally that posted a second day of increasing volume. SGOL. The downside gap of 107.75 formed back on November 16 should now be filled. SGOL closed at 106.05. Of course, it could go further than that, perhaps up the 50 day moving average which now stands at 109.29. On the weekly chart, SGOL posted an upside 'Key Reversal' pattern, but unfortunately not on increasing volume. Still, the pattern is bullish.
A Negative Leibovit Volume Reversal was formed in UUP in the Daily chart (Powershares U.S. Dollar Index) onaccompanied by a declining 5/3/3 stochastic. Though UUP held its 50 day moving average for this go-around, it appears the trend has now turned lower in the U.S. Dollar confirmed by the 'Key Reversal' on increasing volume in the Weekly chart.
All are shown in the accompanying video.
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