PUG Stock Market Analysis, LLC

Elliott Wave Technical Analysis and Commentary on the Stock Market

December 15th, 2016: GDX Chart Update

Posted by pugsma on December 15, 2016

12:10 pm EST:  Here is a quick look at the GDX 4-hr chart.  There is a 2nd triangle break-down with a target at 17.90.  So far GDX has hit 18.68.   Note the 1st triangle break down came up about 0.86 short of the target, which would be 18.76 here on the 2nd triangle.

GDX 4-hr chart:

pug-gdx-4-hr-12-14-16

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