GLD is very interesting

From high of 4/22 to pre-market low on 5/15 (GLD touched 288 that day), it seem to have completed the a-b-c in a very similar way as SPX from 2/19 to 4/7. We can view this as the first big A wave down

I think if stock market does decide to pullback from here, GLD may perform a B wave rally (similar to what stock has done from 4/7 to now).

And then after stock finish the corrective pullback, we could see GLD to do a final big drop to 260-270

Hahaha, purely speculation.