GDX Gold miners: looking for 1 more bounce up
In April I thought GDX looked positive and it turned out to be correct (see link below). I still favor we have one more pop up before a possible major correction. Looks like a bull flag now. I close below the flag would be negative. Process your way, Have a great weekend,
Comment:
If todays close ends on a positive note above the short term daily down trend line I think the correction is likely over. Some times just has to close those nasty gaps I think. We'll see.
Comment:
Price has gone up since the last update. One way to see this pattern is a modified cup with handle. A rise above the current down channel would be a positive additional signal. Best to ya.
