Drawing the wedge to the Trump Spike seems to fit best now. We’ve been rejected at the top rail, and it appears we could see as much as a $40 drop. The miners have been hinting at this with their crappy performance. All is not lost though. We could yet see a classic breakout of this bullish symmetrical triangle/wedge. They usually (but not always), break to the upside, with a continuation of the bull. You can see from the chart below that everything is aligned for the final decision point in the next couple of weeks. If the bottom rail breaks (assuming its not a false breakdown), I would get out fast (that would be my strategy anyway).

I’m currently positioned for ‘option 1’, but ready for option 2 if that’s what we have to face. One headline/quote/hint of armagedon could turn the chart either way at any point, but that final decision point is coming fast.