the_sunship

GDX - short

Short
the_sunship Updated   
AMEX:GDX   VanEck Gold Miners ETF
GDX to 27 at least. May go slightly higher first, but it's close to a major turn IMO. If it breaks support at 27, it can go much lower.
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Forgot to point out the declining volume on this enormous rally - suspicious with the bear divergences
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nice sell signal today. If it retouches the trendline, it's an objective short
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Retest of trendline. Could get higher, to the red trendline
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another test of trendline
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one more test, one more divergences. I'm expecting today to sell off
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Watch for break of channel
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GDX broke channel convincingly
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Nice head and shoulders forming on GDX. $27 still looks very reasonable
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testing neckline

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