GDX
Here GDX monthly chart (5.5 years). GDX seems bullish huh … well not in my book as GDX is testing its’ LT -HEAD (from H&S) from below and finding RES; next to multiple MMA’s. Need to see how the month closes before becoming GDX-bullish. And/or a weekly close above WEMA(30) @ 28.56 (weekly chart not included).
Today was just a RES-test; nothing more and DOWN GDX will go from here … IMO.
IMO.DYODD.
It has more to do with the price of gold, of course. If it resumes it’s correction down, GDX is set up for pain. I think gold will go up from here, hopefully.