Loading ...GDX and DUST
GDX had a little tiny intraday breakdown with a break out gap.
What is significant in my opinion is where it happened:
Also Dust on the Weekly and daily charts below appear to have had false breakdowns.
What’s this mean? Well one of two things:
-Time for a reversal on GDX and heading down for a while now.
-Time for an inverse pop and drop on GDX and a pop and drop on DUST before resuming up for GDX and down for DUST.
I favor that it’s time for a big drop in GDX personally…. good luck everyone!
FWIW, I think gold tops out at $1340 to $1350 before the reversal.
China’s on holiday this week, giving time for the pause that refreshes, before those highs are tested.
Then down.
Good luck too!
I see what you see…. possible. The big neck.
I think there’s another neck people aren’t seeing. Maybe i’ll post it in a second.
These lines didn’t hold… already on the other side of all… ugh.
Intermediate-type pullback up to the plate – my only question is will this move extend before turning down or has the downturn already begun?
Since I am already positioned for it I am preparing myself for another “stick-in-my-eye”!!! AKA “pain before gain”
Good question… inflection point here. Could go either way…