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GDX Chart Suggesting Large Pull Back Next Week


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#1 blustar

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Posted 19 February 2014 - 08:38 AM

I'm thinking we come back to the 55 TD MA near 1812/13 today, but we must break below 1826 to do this tho'. Upside into next Monday I have as SPX 1851-54, then a drop into Feb 28 to 1728 +/- 2.5 points. Feb 28 is a large cluster of cycle lows coming together. I believe we see higher prices from there (a 5 week rally) into April (early/mid).

Charts

Blessings,

 

blu

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#2 blustar

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Posted 19 February 2014 - 12:04 PM

What's weird here is that the QQQ is giving me a bisector low for Friday this week.

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#3 blustar

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Posted 19 February 2014 - 01:24 PM

1826 likely to hold today.

Blessings,

 

blu

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