We almost had a 61.8% pullback in GDXJ after turning down from the 200 MA.
If we are are in an uptrend price should turn after a 61.8% pullback. It's still healthy.
The Slow Stochastic tagged the oversold levels and ready to turn higher to the overbought territory.
RSI is also leaving the oversold levels.
The other sign I like very much is the 3x ETF, JNUG's volume.
It looks like someone was positioning heavily in Friday's bounce.
If we are are in an uptrend price should turn after a 61.8% pullback. It's still healthy.
The Slow Stochastic tagged the oversold levels and ready to turn higher to the overbought territory.
RSI is also leaving the oversold levels.
The other sign I like very much is the 3x ETF, JNUG's volume.
It looks like someone was positioning heavily in Friday's bounce.
Comment:
Trade closed manually:
Closing every monet positions today. Gold is at the highs and miners just suffering. Im not holding this dead position anymore. Our time will come later this year...
Comment:
Monet= miners