GDX looks set up for a big move.
As Mega Bullish I am on the Price of Gold. I can ignore this perfect gartley in GDX. Also Big Put Buyers at the end of last week gives hint that someone else is feeling bearish about the miners as well.
I discarded the idea to long at 43.80 lvl. I will wait for pulling back more as RSI is falling off the OB area.
Ready to fly. Cross of short term EMA and approaching resistance $43.75. volume healthy. Euro breaking above key level in Asian/early european trade
looks like capitulation to me on the weekly. reversal candle too... easy risk management. I'd look for this to move back into the high 40's
