GDX... still in bear mode
GDX... no change in trajectory - bearish.
Previously, called and exited near the top in August 2020 and expected this bearish tones.
Noted BRB Buy Signal triggered as well as the RPM attemping to turn bullish.
Otherwise, MACD is clearly heading down and GDX gapped down to break two support levels in one candle.
More downside seen, at least to 30. possible maximum stretch to 26.
Previously, called and exited near the top in August 2020 and expected this bearish tones.
Noted BRB Buy Signal triggered as well as the RPM attemping to turn bullish.
Otherwise, MACD is clearly heading down and GDX gapped down to break two support levels in one candle.
More downside seen, at least to 30. possible maximum stretch to 26.
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