While I really missed it at 21, there is a long legged doji on Friday, I am looking for a confirmation for a short term bearish play. GDX has been incredibly strong the last month and it is very overbought and the MACD is way high too. Watching for confirmation for a short term bounce down. Maybe get in around 19.50 and out at 17ish. There are a few small levels of support between those points. Thoughts?
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displyn
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Yes, very high volume on Friday to setup that shooting star. I think I pullback to the Fib 38% would be a good target. I think this is long term bullish and just need a breather or pullback to the Fib's or 21 ema. Short term bearish target to the 17.65 or 16.60. Bears need to open below Fridays lows of 19.56.