that vol declining on the bounce is definitely a concern but for
now price has been working higher. My other overall is that I would
still like to see the sky high COT data go lower over time, it was
extreme levels in Aug and early Sept the 2nd and 3rd highest in
history for the large speculators and the commercials. It's worked
lower but is still quite high overall.
as far as the downtrend - on a daily GDX is still down trending
as long as it's making lower highs, and you can now monitor
symmetry, if a rally breaks symmetry that would be qutie bullish,
the new symmetry is $3. On a shorter time frame it's been
uptrending say on a 60 min and appears to be trying to catch
bids when the general market is weaker
gdx volume
Posted by highroller on 8th of Oct 2019 at 12:34 pm
gdx volume
Are you expecting a break
Posted by amp43679 on 8th of Oct 2019 at 02:24 pm
Are you expecting a break down in price since volume is declining? Just trying to learn.
that vol declining on the
Posted by matt on 8th of Oct 2019 at 02:54 pm
that vol declining on the bounce is definitely a concern but for now price has been working higher. My other overall is that I would still like to see the sky high COT data go lower over time, it was extreme levels in Aug and early Sept the 2nd and 3rd highest in history for the large speculators and the commercials. It's worked lower but is still quite high overall.
as far as the downtrend - on a daily GDX is still down trending as long as it's making lower highs, and you can now monitor symmetry, if a rally breaks symmetry that would be qutie bullish, the new symmetry is $3. On a shorter time frame it's been uptrending say on a 60 min and appears to be trying to catch bids when the general market is weaker
in the short term the
Posted by matt on 8th of Oct 2019 at 03:04 pm
in the short term the 15 min GDX/GLD ratio has been positive, and of course when the market pulls back like that GDX and gold tend to catch a bid.
anyway this market is so fast these days, huge whipsaws intra day in prices