Hello friends. GDX is the gold miner's ETF. We have heard recently from SentimenTrader that there is a good chance for a bounce over the course of the next month in this index based on several factors which we won't outline here. The odds are that we will bounce up for around 3 months, and then continue to move much lower.
Our EWT count agrees with this data from SentimenTrader, so it's two layers of confirmation: Forecast, and data backing the forecast. All good swing trades should have both!
Thanks for playing.
Our EWT count agrees with this data from SentimenTrader, so it's two layers of confirmation: Forecast, and data backing the forecast. All good swing trades should have both!
Thanks for playing.
Note
We also have the Buy Sell Volume indicator printing a nice divergence for a reversal to the upsideNote
Our plan is to buy GDX on the market here, hold it for around 3 months, and then sell it to the market. We may also decide to sell it sooner, if we start to see any signs that the trade is not going according to plan.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.