Didn't get an island top on GDX today but that was just one of many possibilities. So far today, the most significant development is the confirmation to yesterday's gravestone doji candlestick in the form of a bearish follow-thru stick so far today (with less than an hour to the close). My minimum pullback target at this time is the 15.90-15.80 area (primary downtrend line backtest or the 15.80 horizontal support/38.2% Fibonacci retracement level.
Bearish Confirmation On GDX, More Downside Likely
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