CosmicDust

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

AMEX:GDX   VANECK VECTORS ETF TRUST GOLD MINERS ETF
GDX
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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.

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.
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Hard to say... so probably just wait and see...
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