Got a target at around 1551-53 ES to get short , we now have official non-confirm basis Dow
(lower high vs. SPX here) Ominous potential for next week...we are entering correction zone-- Bull trap on this rally
Confluence of resistance at blue oval (Gap resist SPY
Typical OPEX reindeer games
Last edited by toddymc on Fri Apr 19, 2013 2:37 pm, edited 1 time in total.
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Vaamsy wrote:Fehro/TraderGirl, any charts on GDX? More downside in the near future?
I don't really follow it, I hope you are on the short side. Looks lower. fwiw.
I'd look for a bounce on the red channel.. may consolidate near here.. could make a triangle like AAPL did for the next few months. If it does find support.. it could bounce to the upper red channel, and fill the gaps it just made last week..
Thanks Fehro, I entered long 2 days back. I should have exited at this mornings 2.5% pop, but didn't. It looks weak, hence planning to sell on a decent bid this afternoon.
GDX 15m
Take a look at this... if it can hold here... or make a slightly higher low... it may hit some of the trendlines in the coming days... but it is still very weak.. so not really confident, indicators are a little conflicting at the moment. See what Tradergirl has to offer
Seems like it's going push to the upper green, possible blue
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