i’ve been posting all along that although MUX blew past my resistance (my short entry) like it wasn’t there, i was going to give it some rope and keep the trade on. seemed like forever but it has now finally broken down below that level, which is/was now support. i also posted this 60 min channel on some of the updates as to why i was giving the trade some room. two points here: 1) to update the trade for anyone else who took it and 2) now that the daily support is broken again, and with GLD/GDX short one of my favorite short-side trades right not, i think MUX has is an objective short entry here with a stop not too far above that level. updated daily and 60 min charts. as always, just enter the symbol in the search bar to reference past trades/charts.
