BobbySpa

GDX - Upside breakout coming?

Long
AMEX:GDX   VanEck Gold Miners ETF
It looks that way to me. RSI up trend just about exhausted and MACD has been indecisive for a while. 26 or so seems to be the line in the sand. I remember when it broke out this summer and took out 25.71 which was the prior peak that started the sideways action that lasted for 15 mos. Just seems like the selling is drying up but that may just be wishful thinking. We are close here.
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