Thursday, July 17, 2014

GDX / DUST follow Up

GDX is starting to show signs that it's running out of steam, I would prefer to wait for stronger signals before considering a DUST long and see a gap fill in GDX, but for now, here's how things are shaping up.

 GDX 1 min showing some distribution on the bounce expected today, however there are stronger signals.

Like this 2 min and below at 5 min.

5 min GDX. I'd like to see the gap at the orange trendline filled and of course the indicators giving stronger confirmation before re-netering DUST.

GLD is still mostly in line and has a bit further to go to fill its gap.

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