Loading ...GDX ADP Breakdown…
Trend line Breach…Percentage of Advancers to Decliners–BEARISH…
“Chartists use the ADP line to analyze breadth for the sector. Also know as internals, breadth indicators are like looking under the hood to see how the engine is running. The AD Line is a cumulative measure of AD Percent, which is advances less declines divided by total issues. An advance counts +1 and a decline counts -1”
http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=0&mn=11&dy=0&id=p53995160604&a=380367275&listNum=1
Also, the GDX Daily Renko is BEAR again…
EOD 4/2 Bearish spinning top daily candle right below the 34 MA. Also, back test of the ADP trend line
Eagle, I’d be careful with short here. FWIW, I went long this morning.
Yes RJ, I always base my trades on the minute charts…Trade what I see–the bearish ascending wedge on DUST 60 yesterday formed right below the fib line was warning to get out of DUST.
RJ, Please note updated chart…Potential path