GDX – update with Sam
Dropped below its daily 3sd lower band today.
That’s typically an automatic buy signal for the next day.
But since that’s a daily band, its not a signal for higher time frames.
My metrics are pointing to (not before) EOY for a sustained turn in the sector.
That’s a back of the envelope measure, not a fine tuned goalpost.
I read Sam … maybe he reads the Tent …
this evening’s unusual midweek update (prior count invalidated, so now a notable adjustment)
For those curious, the gold abcd are parts of a triangle (e not shown) that resolves bullishly after e down.