@vim2: Please take a look at this late update on GDX posted on Tuesday (April 5th): http://rightsideofthechart.com/gdx-approaching-key-support-resistance-levels/
Yesterday, GDX gapped above that symmetrical triangle pattern on that 60-minute chart (above the red downtrend line) and although currently indicated to gap down to around 20.57 today (as I type), it looks like GDX will remain above that level. As mentioned in that previous update, a gap above that small triangle pattern is likely to bring GDX up for another test of the top of this nearly 2-month sideways trading range
The bottom line remains that until GDX and gold both make a definitely break above or below the trading ranges they have been in for many weeks now, swing trading is likely to prove very difficult as with most sideways consolidations.
From what I can gather, the overwhelming majority of traders & investors are bullish on gold & the mining stocks and expect an upside resolution from the current trading ranges. I was consistently making the longer-term bullish case for gold & GDX before they bottomed but my bullishness is somewhat tempered at this time mainly because bullish sentiment in gold has exploded to extreme levels following the recent powerful advance and as such, that has & may likely to continue to provide headwinds for gold & GDX until that bullishness abates. While gold & the miners may very well pop & run above this range soon, one thing is for sure & that is the fact that gold & GDX has been a dead-money trade for weeks now & as I don’t see an explosion and update run comparable to the leg leading up to this consolidation range, at least not a this point,as a likely scenario, I’m focusing my efforts on better trading & investing opps at this time.

yaya- Yes, click on any chart & it will expand. When you see a string of multiple charts together, as in this post, it is best to click the first one as will expand it and since there are multiple charts together, it will open up in gallery format. That means that you can click anywhere on the right side of each expanded chart to view the next one (or click on the left to see the previous chart again). Once you get to the last chart, just click the X in the upper-right corner to close the image gallery.

@rsotc yes that was exactly my question. More or less when to initiate a starter or, in the case of myself, add additional short exposure to a previously started short position. Thanks for your response.

Kstellish- Do you mean add to the starter positions in TQQQ, TNA and other individual shorts that I already have? If so, I need to see some impulsive selling & technical damage first. Don’t have a hard number just yet but will be sure to communicate my thoughts if & when it appears there is some evidence that the next pullback in the broad markets might be more than just a run-of-the-mill, overbought pullback before the next thrust higher.
However, if the Jan/Feb selloff wasn’t just a correction in an ongoing bull market that is soon headed to new highs but rather the first leg down in a new bear market, I’m pretty sure you’ll recognize the different between a correction in an ongoing bull & the start of the next wave down in a bear market.