MORE CHANCES ON THE UPSIDE AS ON THE DOWNSIDE
GDX touching the 250 yearly VWMA at first it was rejected
XLF touching the 63 quaterly VWMA at first it was rejected but the candle doesnt look nice
It lost 63 quaterly ema and now is flirting with R1 yearly pivot. Next possible target monthly S2 pivot. Daily close above red line would negate this scenario.
a deeper summer correction could negate this scenario, but probably not for to long
tuch of S1 one of possible outcomes if this is not a bear trap
Nice bear trap and sideways time of accumulation, First two targets. This one can go much higher in the coming months & years.