Update on Intraday GDX
Feel like I have to update this since I shared it this morning.
Bulls can celebrate a good day. Right up to the red upper bull flag line now.
Owning short instruments makes me a little nervous for the break out gaps up tomorrow.
Even if does gap up a double top would then have to be watched for. See what the morphing and battles of the bulls/bears can do!? This is why I should stick with posting monthly charts… lol. Less of this nonsense or atleast happens over many years….
Good luck all…
Nice charts Chuck. Sometimes those intra day charts can be a tip off (and sometimes they can mislead). Have you ever put a williams a/d on an intraday chart? I used to swear by that indicator.
I usually only look at them when looking for a turning point. Can be deceptive indeed.
I haven’t put that on. Maybe i’ll check it out soon. Thanks!