Had a symmetrical pullback at $22.97 last week. A couple more
symmetrical bounces match-up to the 61.8% retrace around
$24.69-$24.93 (resistance zones). I really like the bear flag
developing but any time I think GDX is overbought, it hurts.
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GDX
Posted by zitron on 23rd of May 2016 at 02:27 pm
Had a symmetrical pullback at $22.97 last week. A couple more symmetrical bounces match-up to the 61.8% retrace around $24.69-$24.93 (resistance zones). I really like the bear flag developing but any time I think GDX is overbought, it hurts.