Short Scalp: GLD (93.27) Weekly technicals starting to weaken

Rationale: GLD is starting to look toppy here. Short for push down to 90.25 zone (see red bar). Weekly RSI eroding while weekly ADX is way extended. Daily action is reflecting momentum divergence with weakening uptrend(see falling daily ADX). Expect one more push above today's high 93.72, then downdraft to fill Feb 19 gap area. Longer-term: expect run up to test highs/new high territory.

Target: 90.25

Stop: 94.30 (above Feb21st high)