Same chart, only made some lines thick.

As expected GDX bounced off Fuly’s 30 and holding Support. Although in the last post I mentioned the Orange Bear Flag or Contionus (UP) Pattern, GDX-15 actually did BO-DOWN the PURPLE Bear Flag with a GAP. Last few days a little GREEN Bear Flag formed PARALLEL below the PURPLE Bear FLag and can be seen as a potential HALFWAY point towards 28.25 above a lower GAP.

Lowest GAP of the Purple Flag @ 27.69 while GAPfill of the Orange Flag comes @ 27.

Todays’ SPIKE showed a WEAK BULL as GDX was not able to BT the Purple Flag from below. Therefore, I would not be surprised to see a GAP-over the Orange Flag and/or (simply) BO-DOWN the Orange (bear) Flag. As for bull case, 30 line is Holding.