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UnknownUnicorn540299
Aug 10, 2017 3:02 PM

GDXJ: The break-out Long

VanEck Junior Gold Miners ETFArca

Description

Thursday/Friday GDXJ is highly likely to break out. It has a lot to make up for.

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We slide into Fri-Day also called the breakout-Day, Fly-Day or insane move-day.

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Now. Thrusters are set to take-off. Let's do it!

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Patience is a virtue...
Comments
ARGOS1
Three headed monster on the left, the dip in/around the middle and breaking and/or trying to break upper trendline. I have seen something like this. But where?
lantao517
perfect, the rocket is launching
lantao517
technically it's really like to start the big rally on Wave3 right now, but Gold price is meeting 1295 area which may form 3 top. Gold need to breakout 1295 even 1300 to prove the Wave3 Rally of GDX
do you think there are enough real risks or catalyst from MSCI bear market right now?
Don't think there is fundamental support
UnknownUnicorn540299
@lantao517, Hi, I am not a fundamental trader. But, the fundamentals will come. My bet is it will be inflation and a weakening dollar.
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