Miners are setting up a very bullish move which, if confirmed, would merit at least some exposure in your portfolio imo. GDX and GDXJ are possibilities, or you could chose from among the individual names. I've mapped out two bullish interpretations for corrective pullbacks. Below 18.86 without a b-wave bounce, I'm going to add to existing positions.
Below 15.80 and I'd have serious reservations about continued upside in the current structure, however the Elliott Wave set-up won't necessarily invalidate until below 15. We'll address that IF support breaks down...till then, I'm a buyer.
Below 15.80 and I'd have serious reservations about continued upside in the current structure, however the Elliott Wave set-up won't necessarily invalidate until below 15. We'll address that IF support breaks down...till then, I'm a buyer.
