GDX came within a mere 32 cents of the first target this morning before reversing while yesterday's potential divergences in GDX & SIL were confirmed today via a bullish crossover, induced by the US dollar rally which in turn was induced by the ISM miss. My expectation is that rally will be relatively short-lived with the most likely reversal points at either the 26.60 R level or the 27.50 R level. As such, I'm going to leave the current targets & suggested stops in place for now.
GDX Trade Update
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