GDX-15 chart. EOD. EOW.

Last week SPIKE was an APEX test; to ‘tag’ and DIVE, declining the Bull. Meanwhile declined by 10% since the previous high. GDX Fullys’ 30′ is being tested. Next week the ORANGE upsloping line will be either a Continuous Flag or a BEAR FLAG once it BO-DOWN. Both options for Pattern are still on the table eg. hidden. Therefore 29.75 approx. needs to hold for the Bulls.

I expect a bounce eg. support @ 30-ish unless next week’s GAP-over lower (?) GDX-daily (chart not shown here) provides HOR.SUP (@ 29.50) and dMA-300 (@ 29.66) and dMA-50 (30.05). If next week GAP-OVER-LOWER these ‘supports‘ then expect dMA(200) to be next @ 27.86 and before you know you are another 10% lower eg. lighter and that would be ‘just’ the seniors.