https://rightsideofthechart.com/gdx-approaching-bottom-of-gap-support-bounce-still-likely/ Stock Trading, Investing & Market Analysis Wed, 21 Oct 2015 20:01:27 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://rightsideofthechart.com/gdx-approaching-bottom-of-gap-support-bounce-still-likely/#comment-572 Wed, 21 Oct 2015 20:01:27 +0000 http://rightsideofthechart.com/?p=168549#comment-572 thanks will just wait

]]> https://rightsideofthechart.com/gdx-approaching-bottom-of-gap-support-bounce-still-likely/#comment-571 Wed, 21 Oct 2015 19:46:53 +0000 http://rightsideofthechart.com/?p=168549#comment-571 @shah Yes, absolutely. GDX kiss the bottom of that gap this morning & has been walking the line just above it all day. Typically after periods of such tight consolidation/range-bound trading, the following move is often sharp. I still favor a move up to around the 16 area in GDX although we did fall just shy of that level on the initial bounce following the gap backfill earlier today so that could be it. Despite any short-term gyrations, the near-term trend remains bearish in GDX for now although the closer we get to my 15.20-15.40ish pullback target in GDX, the less favorable the R/R to initiating or adding onto a short position becomes. Probably best to hold off on adding to any more DUST at this point & sit back to wait for the next long entry on the miners. JMHO

]]> https://rightsideofthechart.com/gdx-approaching-bottom-of-gap-support-bounce-still-likely/#comment-570 Wed, 21 Oct 2015 19:36:44 +0000 http://rightsideofthechart.com/?p=168549#comment-570 you going with DUST near the close? GDX hasn’t really moved? near support

]]> https://rightsideofthechart.com/gdx-approaching-bottom-of-gap-support-bounce-still-likely/#comment-561 Wed, 21 Oct 2015 14:58:04 +0000 http://rightsideofthechart.com/?p=168549#comment-561 Small inverse head and shoulders on the 5 minute gdx chart measures to 16.07 or so.

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