These don’t happen often, especially when the weekly candle engulfs the previous 2 weeks. Well this appears to be the most substantial in years. Look where it led the last couple of times.

GDX

and conversely remember this JDST weekly chart I posted on 8/28? It looked bullish at the time. Well things couldn’t look worse for JDST at the moment. This week’s candle engulfed the previous 4 weeks candles!…and it lost fork support.

JDST