Hope everyone is strapped in for this Rocket Ride
really like where gold's DSI readings are from 5 thru 21-day, so sentiment as well has set up beautifully IMO for a key big secondary low, and as many of us have commented the "internals" (miners A/D line action) has been bullishly diverging and leading the way up. No guarantees as always but we have a great chance here IMO to decisively break out and head higher for months, we see as todays rally really needs to be sustained and extended - looks good at this time
Yeah...last few days were classic pre-explosion action, as all the 900 MAs on the various time frames came together.
All the bulls need to do now is hold the Gap'N'Go today, and should be off to races in GDX/GDXJ and related derivatives with a big breakaway gap upside..
Bulls DO NOT want to fumble here....I dont think they will, but we will see by the end of the day.
An hourly close over 39 on GDXJ should pretty much seal in launch mode...