Update to earlier ideas. GDX
hit the 161.8% extension in the presumed wave iii
of ( iii
) of 3. This morning's weakness looks like a wave iv of ( iii
) pullback - and may not be complete quite yet. Below the red line and "Support" region I'm clearly wrong on the wave degree and will update the bigger picture. I expect pullbacks will continue to be brief and shallow throughout the 3rd wave.