DUST is biting the dust
We will see how this continues to play out but this is a fine example of why I ALWAYS sell resistance in a downtrend. The odds are that the trend is stronger than the small countermove, in this case allowing you to buy more GDX-related shares as DUST banged resistance. This is the chart I posted last week. Now only if TA were reliable 😉
😉 Indeed, LOL
Speaking of selling resistance, I couldn’t resist. I just shorted the S&P Friday in my spec account. Just a small position where I am allowed to gamble
https://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=1&dy=0&id=p02891735225&a=461423339&listNum=99#
Interesting, as I shorted it this morning after it’s initial ramp seemed to run out of gas. Tight leash but good risk, reward.