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FibonacciWaveTrader

GDX Bullish Scenario

Long
VanEck Gold Miners ETF (AMEX:GDX)  
FibonacciWaveTrader Updated   
AMEX:GDX   VanEck Gold Miners ETF
Elliott Wave
3
0
elliottwaves
Metals seem to be pushing higher without giving us that one more low. No point in arguing with thre market. If it continues, this is the GDX path I see.
Comment:
Nothing very telling today. Bears failed in dragging this chart down and the bulls have yet to prove themselves. I really do not want to see this move sideways for much longer without making a decision. In the bigger picture, the one more low scenario is still very viable, and I am treating pullbacks as buying opportunities.
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