I'm leveraged long GDX with Sept and Dec options. Uber bullish imo, and retraces may be quite shallow if this is indeed the purple 3rd wave I've been posting. The green wave 2, improbable but not impossible, would now be an expanded flat. 22/23 region would represent an expanded running flat, rare but seen in strong trending markets.
Impulsive move below 19.32 would obviously invalidate the bullish posture, and longs should have stops well above there to protect profits / preserve capital.
Impulsive move below 19.32 would obviously invalidate the bullish posture, and longs should have stops well above there to protect profits / preserve capital.
