mini pullback target. overall, not bad for bulls, as the pullback too slow, it's not bear attack.
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GDX daily
Look what happened last time BPGDM was below 20 and 10 (april to july last year, pink circles)
BPGDM was 3.33 last night EOD (lowest since 2008)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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Bottom line: For Swing traders, nothing to do till Friday at the earliest.
-D
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Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
GDX daily
Look what happened last time BPGDM was below 20 and 10 (april to july last year, pink circles)
BPGDM was 3.33 last night EOD (lowest since 2008)
The attachment 36gdx daily.png is no longer available
GLD might have something to work with, another bottoming try?
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My comments are for entertainment/educational purpose only. NOT a trade advice.