Loading ...GDX Hourly – Resistance Still in Control
The high of the day is probably already in on the GDX. Neckline watch begins soon………..
11:25am update – bearish structure persists on 5-min chart. Broadening pattern into resistance. Should break down this afternoon or tomorrow morning.
1:30pm – Suggested low volume JDST windup in progress……….
Bid ask spread on JDST and DUST is lager today ! Didn’t saw that the previous days , any meaning ?
I noticed that today too, especially this morning. The JDST volume is much lower today and that may be the reason. If today’s action continues, we will see an inside day print on JDST on very low volume….which is just what we want to tee up a bigger move possibly tomorrow.
Interesting day. Dow up 80 pts, gold up $5, and JDST in the green….albeit on low volume which I suspect is the windup.