Here update on GDX-15 min chart.

Clearly Fully’s 30 gave way – sorry Fully … didn’t make it but a BT is not be ruled out and from there (IF) GDX should be shorted.

Although reported on 2 waves of each 9% lower we could also see some classic EW in 3 stages of -10% (on the 15-min frame) bringing GDX towards 26; some sort of support and GAP-fill. Even though such EW- 3 stage pattern could become completed, it might finish with a PLUNGE towards 23.5 level and ultimately 22.5 level for another GAP fill = MINUS 18% from today = 33% decline from TOP. And such would be on this 3 months 15-min chart. On LT charts I expect GDX to go much LOWERRR.