GDX Daily…
Note the SLOPE 20 in symmetry from last year this time…
While I remain LT BULLISH, I feel the ST turn has begun to roll over slightly to test the area right above the 34 EMA…
Spock’s rocks are exploding and will continue to do so in this early phase of a BULL market; and those are best left alone…Kudos to those holding the “rocks”…
My assessment is using GDX as proxy…
As Jordan timely noted; resistance has been met…
From my earlier post: DUST is making higher lows, GDX Daily is channeling down (a bounce off the 10 EMA was not surprising yesterday), and the USD treks up…Turns can be FIRST noted in the “minute charts”…
So for those trading GDX/GDXJ and DUST/NUGT; I advise caution in whatever methodology you prefer…
This is just one man’s opinion…
Hi Eagle. I agree some caution is required here. I’m holding for the medium to long term though and feel confident in the overall trend upwards.