GDX/NUGT Movement

Movement is good, that's when we get to see whether there's accumulation/ distribution or in line. The whole point of a head fake move BELOW a range is to hit stops and suck in the bears, all of the selling and short selling provides one thing a big Wall St. firm that trade large positions needs if they are buying and accumulating a position, "SUPPLY"  and cheap too...

The trendline to the left and higher is the range's former support line, price to the right of that has been bouncing above and below the trendline, there are no stops in that range, but right under the former lows, that's where you'll find stops and they just hit them.

This is why we wait for the signals that tell us, "I can't ignore this anymore".

Give GDX/NUGT a couple of hours, see if they start moving sideways and we'll update them again and see if the positive divergences have grown as they should with that kind of supply coming available.

I wonder why traders never consider "Who's on the other side of that trade?"