GDX 120 min - Chart Linkthat sell signal at
supply zone and the GDX/GLD ratio trendline break were fantastic
sell signals! Now monitor the downtrend line on the GDX/GLD
ratio, that can be used as a next buy signal
Posted by sabinemarc on 24th of Jun 2026 at 10:01 am
How do you interpret the fact that the BPGDM has’nt even budged?
Still room for GDX to drop much further or as a contrarian sign?
Double bottom for GDX maybe? Or no correlation is possible?
it's the components. research how Bullish Percent charts
are made - they are based on the % of stocks in the group that are
on point and figure buy signals
I don't know how many stocks make up GDX and BPGDM these days,
it used to be around 30, but clearly none of them went on P&F
sell signals the last few days, you need at least one of the stocks
to go on a P&F sell signal to cause BPGDM to move down - I
would guess most or none of you even look at point and figure
charts, it's old charting style
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GDX 120 min and BPGDM
Posted by matt on 24th of Jun 2026 at 09:50 am
GDX 120 min - Chart Linkthat sell signal at supply zone and the GDX/GLD ratio trendline break were fantastic sell signals! Now monitor the downtrend line on the GDX/GLD ratio, that can be used as a next buy signal
$Gold GDX - BPGDM Renko clean - Chart Linkshowing the BPGDM because you can see how stubborn it is, hasn't even budged while GDX fell back to test the lows
How do you interpret the
Posted by sabinemarc on 24th of Jun 2026 at 10:01 am
How do you interpret the fact that the BPGDM has’nt even budged? Still room for GDX to drop much further or as a contrarian sign? Double bottom for GDX maybe? Or no correlation is possible?
it's the components. research how
Posted by matt on 24th of Jun 2026 at 10:03 am
it's the components. research how Bullish Percent charts are made - they are based on the % of stocks in the group that are on point and figure buy signals
I don't know how many stocks make up GDX and BPGDM these days, it used to be around 30, but clearly none of them went on P&F sell signals the last few days, you need at least one of the stocks to go on a P&F sell signal to cause BPGDM to move down - I would guess most or none of you even look at point and figure charts, it's old charting style