Still awaiting a break below T2 following the recent hit & expected bounce (see Jan 13th chart below, which was the last update I posted) to open the door to the next leg down to T3+. Previous (Jan 13th) & updated daily charts of XBI below.

Correction: I had the price targets for that recent GDX long trade on a different board (chart). T2 was 39.17 & we hit it on Jan 30th (when I posted the chart below). GDX carried a bit higher but has been consolidating since & what I said in the previous reply holds true (a trendline break and bearish PPO crossover is likely to spark the next correction).

I covered GDX in a recent video in the last day or so but I’m glad to provide an update & chart below. GDX hit my 2nd & final target (from the late Dec long entry right off the lows) a couple of weeks ago & has been consolidating on that resistance level since. GDX remains in an uptrend with a sell signal to come on a solid break and/or close below this uptrend line, especially in conjunction with a high-level bearish crossover on the PPO.