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This mini channel is heading towards another trend line resistance.....I unfortunately have bearish holdings.... so definitely biased here. What do yall think?
Looking soft here.....
Bet the farm?
Little more of a drop coming then this pennant could take off. Would be great timing to see the S&P sell off soon and flood GDX. Looking for a short short on GDX and then collect on it to short SPY.
Seems we may be running into a trend line here shortly. It is ATH so cant be too sure. Could pop up out of this flag at any point, given the momentum.
Looks like we could potentially stay right in the wedge still. Short term short but long on the December options plays out there.
Downward wedge coming into support line. Keeping an eye on it for a breakout.
Downward wedge getting ready spring into action. Keep an eye on this one.