CosmicDust

GDX weekly - milder correction than last bull market - 9/30/2016

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
gdx
55 2 0
gdx
During last bull market, GDX             had several corrections ranging from 17% to 21%. This time around it had a 14% and 16% (so far).

Overall up trend is intact. I will buy breakout on daily chart but it is not there yet. Be patient.

Comment: This is how the daily chart looks like.

snapshot
it is indeed tight on daily. I wonder if it will move with the market or vice versa. recently it has done moves with the market.
Reply
Hard to say... so probably just wait and see...
Reply
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