PB- Yes. In fact, I’m just as intermediate-term bearish as I am short-term bearish on GDX. Even considering adding NUGT as an official swing short although official/unofficial, I’ll keep the analysis & my thoughts on the metals & miners coming as long as I see enough in the charts to be able to make a decent case to be long or short.

Yes, both GLD & GDX closed slightly above the bottom of their wedge patterns today. Let’s see if the dollar can move higher tomorrow after today’s pullback to support. If so, those wedges could break for good anytime now.

Yes, volume is tracking well below average again today & there’s still some more work to be done to “undo” yesterday’s damage that was inflicted on the near-term bearish case. Regarding the low volume, this will probably be the new norm going forward with the “sell in May, go away” mantra now if effect & the summer doldrums in the market starting to roll in (where trading volumes often drop off before picking up again in the fall).

Absolutely, I have a key S/R level at 111.80 on my IWM 60-minute which way also temporarily regained in yesterday’s “whatever.” rally, along with so many other key levels on the major US stock indexes, only to be quickly lost again today.