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SVTPremium
May 3, 2021 12:50 PM

GDX 1D TW Short

VanEck Gold Miners ETFArca

Description

SVT received a clear MVO bull/bear switch on miners, gold and silver on 26 mar and went short against gold and miners. Nothing is straight in stock-market. The portfoloi had to wait 8x2 trading days for the main direction to be set. The last 2x2 trading days finally delivered the direction. However, we need to consider that the dollar pop-up didn't result an expected 3-5% of dive, but a mere 1.18% of dive. now, our longer-term indicators show end of the bullish volume-cycle close and a bearish cycle to come. Price manifestation is expected within days. ^HUI is below of V-MA meaning a general bearish market, primary target is GDX 33.6. Same direction and momentum is valid for silver and gold.
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