All we get is odds and triggers folks. Gotta take what we get. But I think a 3 wave move back down to the 38.2 fib would quickly reverse and head much higher as shown. At the same time, a gap up above that top rail to a higher high would likely mean the bull is charging back up into the 40s for GDXJ.
2 comments:
And third stop-out of JNUG at 24.3 ... what the hell is going on today?!
Whats going on is a shake out. Step back and take a breath. Its always darkest before the dawn. Walk away for a day or two if its getting to you. Being upset is a good sign that you are in too deep so you might want to consider lightening up on your bets until the ticker starts going in your direction again.
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