VanEck Gold Miners ETF
Short
Zaktualizowano

GDX Short to 24.50ish

162
Needs to close the gap from past run up and test new support around 24.50 then proceed to test resistance again.
Uwaga
Temporary support at 27.48. Watch for a break or a bounce.
Uwaga
This is going to test an old support around 27.35.
Uwaga
Not a bad day for shorts. We'll see where this opens tomorrow and go from there.
Uwaga
After some research, last Friday’s report showed that commercial traders were net short 277,000 contracts. That’s the second highest short position of the past 20 years.(second to the 316,000 net short position in August 2016) Things should get interesting today. GDP Numbers come out today which may also affect the market in total. Busy day, keep your eyes peeled.
Uwaga
MACD is crossing Downward on the Daily.
Uwaga
27.35 is a small old support from July 18.

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