GDX is now at the bottom of that broadening wedge pattern pointed out earlier. i also mentioned the potentially bearish technical implications of the partial rise within that pattern in this previous post.  therefore, while i might normally cover the GDX short (actually, i am still short NUGT, the 3x long miners etf from february 6th), i am going to hold for now but will be on the lookout for signs of a potential reversal from the support line/bottom of the pattern.  otherwise, i will likely add to the position on a solid break.  here’s the original 2-day period chart along with today’s updated chart.  although this has been an active trade for well over a month, i will now also add it back as a trade set-up, as a confirmed break of this pattern would signal another short entry.