MarcoOlevano

#GDX vs SPY

Long
GDX/SPY  
GDX/SPY  
Gold miners testing an important level of horizontal support vs. the SPY (relative chart). If it fails to hold 0.062, we could get further underperformance from gold miners relative to SPY. On the contrary a hold of this support and we could see gold miners start to outperform the general market. For that to happen it would be important to see a reversal form off this support (not happened yet).

"If you do what you love, you'll never work a day in your life" - Marc Anthony
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.