Loading ...GDX & GDXJ
My GDX “working chart” that I use to track structure suggests what looks closer to an H&S pattern than anything else. Watch the neckline. My “air support” got filled as expected.
Meanwhile the GDXJ looks like it may have broken support at the open today and closed at a backtest. Next week should add clarity. JDST charts looks very bullish….much more so than DUST.
I’ve had my eyes on this structure as well. There are many reasons to think this may be the structure in play.
The circle you drew inside GDX: I’ve been using that area as the cup and current sideways consolidation as a handle for an inverted cup n handle in GDX….DUST has a very nice looking cup n handle I’ve been posting for a week or two elsewhere. Today’s rally has me thinking we are finishing up an EWT wave 4 pullback off the 17gdx high…so hopefully these bearish expectations play out this month preFOMC. You do great work, Mark… Always look forward to your updates –hint hint haha 😉