GDX Update
It is very difficult to LIKE this Chart if you are bullish
It is so symmetrical the mind boggles .
There is absolutely Nothing bullish on this chart
Important Moving averages breached..
Indicators turning back down but a long way from oversold.
no visible support until 20
Volume healthy but NOT Capitulatory
Good chart, good reasoning…It is what it is…
Crazy. We’ve dropped back to the original Gentleman’s Entry zone. If this is a new bull market, now isn’t a bad time to get in. If it isn’t, where the hell is the bottom?
I agree Fully that’s why we wait for the turn and don’t try and grab what isn’t there. The mkt will show was when kit turns we just need to be patience and open minded, lets not get to down or too excited, just my thoughts from years of being too excited and too down!!