GDX 60 Update…
When the histograms breach zero acceleration up should occur…
Stoch 144 breaching 20 is a start; 50 is STRONG confirmation…
Remember the 13/34 EMA cross–a late, but also STRONG confirmer…
The positive divergences coupled with the TRIX 1,2,3 worked again…
NOTHING, I mean nothing is 100 percent.
Of course, the more indicators heading the same way is stronger confirmation…
The price action jumping the 13/34 moving averages is also bullish. Expect back tests during gaps. Watch the price action at the 13/34…
Expect bounces off the 13/34 on the way up. I get concerned with the bullish move when the price action falls below the 34 EMA price action…
Note the lower part of chart with the DUST price action…breached lower trend line, back tested line yesterday and continued to fall today…
And we have the TRIX waltzing again. 1-2-3 1-2-3