Flyby on GDX
GDX has dropped to s/t support, and is on s/t buy alert (within 48hrs)
s/t for me only means days up to a week.
GDX will then mature into an IT sell alert.
We could well see an acceleration phase decline after that top.
A tag or pin of the 50dma may be all she wrote.
It tagged the 50 EMA yesterday. My recommendation is to watch it from the sidelines until it clearly shows its hand. I think it is simply too dangerous of a trade right now.
Isn’t today the last day to sell for tax loss purposes?