WTIC/GDX…
Daily gave us a BEARISH engulfing today…
This is the chart I will monitor tomorrow for entry into SCO…
Short Crude…
GDX…
Continues a spinning top candle underneath the 50 SMA on the weekly…
Momentum is waning…
DUST 60 gives us a close up view on what’s about to happen…
Note the positive divergences within positive divergences–this is ultra bullish…
Navigate these markets with the minute charts; clear the mental bias–make money…
Agree. The crude rally was a tough read off the lows, so I’m still open to new lows or just a pullback.
Re GDX, I’m now getting IT buy alerts for all the Southbound PM ETFs. But none are confirming those in an ideal way yet. This allows room for one more push north, before the alerts return WITH confirmations.
PM longs should be working out there “what if” strategies.