We almost had a 61.8% pullback in GDXJ after turning down from the 200 MA.
If we are are in an uptrend price should turn after a 61.8% pullback. It's still healthy.
The Slow Stochastic tagged the oversold levels and ready to turn higher to the overbought territory.
RSI is also leaving the oversold levels.
The other sign I like very much is the 3x ETF, JNUG's volume.
It looks like someone was positioning heavily in Friday's bounce.
If we are are in an uptrend price should turn after a 61.8% pullback. It's still healthy.
The Slow Stochastic tagged the oversold levels and ready to turn higher to the overbought territory.
RSI is also leaving the oversold levels.
The other sign I like very much is the 3x ETF, JNUG's volume.
It looks like someone was positioning heavily in Friday's bounce.
Note
Trade closed manually
Closing every monet positions today. Gold is at the highs and miners just suffering. Im not holding this dead position anymore. Our time will come later this year...Note
Monet= miners
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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.