Below is an hourly chart of GDX. It hit the .707 retrace from the 2/8 high at a point that counts well as the end of a minor wave c of an X wave. There was a print of a DeMark Sequential™ Set Up (9 or more consecutive closes higher than the close nine bars prior) today (the black numbers) sell signal and the last two bars print a TD Analog™ high sell signal (the large purple dots) (a Mandelbrot fractal finder using fib relationships).
As you can see on the chart the black set up 9 often hits @ inflection/exhaustion areas as do the TD Analog signals. Note also the 13's on the chart which mark completion of the countdown phase of the TD Sequential™ which signals trend exhaustion.
The daily chart is on day 7 of a sell set up, and could complete a 9 with a close tomorrow above 23.51 and a close on Thursday above 23.65. Today's close was 24.36.
Given that the Elliott wave count points to a completed wave, the Hurst analysis, the fib time and price extensions suggest an inflection around this time and the referenced DeMark signals, it seemed worthwhile to share this print.
ATB
Geo
