Unless GDX fails to close at or above 26.65, it will print a bullish engulfing candlestick today. If so, a follow-through green close tomorrow and/or in the coming days will help to firm up the case for a likely trend reversal in the miners. Also, please note that I’ve added an additional price target to the current GDX long swing trade just below the 28.90ish resistance level which is now T1 (and the previous targets resequenced accordingly). Updated daily chart below.
GDX daily July 13th