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CosmicDust

GDX daily - brutal but near long term support - 10/4/2016

VanEck Gold Miners ETF (AMEX:GDX)  
CosmicDust  
AMEX:GDX   VanEck Gold Miners ETF
GDX
2
0
gdx
It is approaching 200 DMA and the lower bound of the down channel. Also note RSI and MACD divergence. That is a good setup for a strong bounce. The plan is to buy $23.30 (if we get there) with a stop around $22.30). Long term uptrend is still intact.
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