Loading ...GDX Action Today – My Take
Looking for an open or early retest of TL and then the next leg up begins. Take a look at the structure of the TL bounces in late march and early April…I expect similar structure now. These things can take days to play out. We’ll see….
Looking to add to miner positions on TL touch.
Mark-any concerns about that gap at around 20.50 filling first before we move higher?
Nope. That’s a breakaway gap….not all gaps get filled and those are the variety that often do not.
waiting to get on-board a trend by waiting for prices to fill a gap can cause you to miss the big move. One support zone at at time. We never know till after the fact…
Playing out according to your script so far.
Yep, GDX at 22.45….close enough to TL for me…..adding more miners here.
OK, the 50 SMA is history, next the trend line, then the gap
Just nailed GDX TL at 22.35….picked up more MUX at 2.19.
Just got a touch on my chart; now I wait for the 13/34 ema cross for confirmation on the 5 minute…
The dollar is trying to break out…
I think you should short gold, buy a lot of DUST, and short the euro right here 😉
I show GDX has broken you lower trend line and is now backtesting. Day 24 for gold and the miners here and the normal timing band is 23-29 days low to low.
I want to see today’s low on GDX at 22.27 hold.
We moved below 22.27 so it looks like we are going lower here. 20.50 to 21.50 is next possibly.
Gap here we come
You better load up on DUST here!!….hehe
Surf right above my line…you seem dead on with 22.27
GDX moving back up to backtest the breakdown from Mark’s trend line.