I’ll try to post some charts or cover the PM’s & miners in a video asap but I can tell you that GLD is at resistance with negative divergence on the 60m chart & GDX also has neg D on the 60 so the odds for a correction at this time are favorable IMO. I don’t have any positions (might soon) but if I were long, at the very least I would tighten up stops.

127 is minor price support that comes in just below that key uptrend line on NVDA. When I have two support levels in very close proximity on a stock or index, I call the lower of the two the BOD or “benefit-of-the-doubt” support since a break below the first support can fail (as a sell signal) if the buyers step in at that second support. Therefore, a solid break and especially a 60-minute or even better, a daily close below 127 is likely to usher in the next wave of selling in NVDA although with 10-mins to go in the trading day & NVDA at 127.54 as I type, we’ll have to wait until tomorrow to see if the stock clearly takes that level out.

So, were close to 127, and your saying if it closes below 127 on the hourly or the daily charts, we can take a short or buy NVDS?