Market momentum change
Updated
GDX and GDXJ has been practically dead for a long time.
However, when the time is complete and most have fallen asleep, the party will start.
That time is likely to be now.
I'm ready for the party. Are you?
However, when the time is complete and most have fallen asleep, the party will start.
That time is likely to be now.
I'm ready for the party. Are you?
Comment
Party commencing :)Comment
Second day of party, bulls are just getting warmed up :)Comment
There is a time disparison between gold and miners which explains the difference in momentum of the two assets.Consensus is now "gold miners aren't buying this move in gold, below 200 ma etc etc". Well, lets see.
There are Rumors that GDXJ ordered a gold tuxido and a bottle of proper Mexican tequila for Friday to go wild!
Comment
Bearish EW-counts invalidated. How sad.Comment
Now, I expect a pullback/backtest to the trendline:Comment
No proper pullbacks yet. Well, thats the momentum-zone playing its tricks :DComment
I cannot remember the time significance of the right line. But we are there today.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.