GDX
(Art) “Breeze” called the top Friday as having hit (several days before) at 105.67, ending a five sub wave rally (for bullish wave 1).
Wave 2’s generally retrace 61%, to 83.47. Not a lock.
That is near the 50dma and rising daily 2sd bolly.
Lots of gaps too, including others lower still.
Yeah, interested to see what it does at the first fib @ 92. I’ll be watching.
HERE IS GDX WITH pedro’s COMMENTS VISUALIZED
BUT THERE IS A BIG GAP BELOW THE 61 % RETRACE …WE MAY GO FURTHER …YIKES
Some are calling it, “Plunger’s Revenge!”
LOL..REFERENCING HIS BMR POST AT THE CHARTOLOGY FORUM HERMIT…..YOU ARE AS QUIET AS A CHURCHMOUSE UNTIL …:)