While last trade is still active and I probably have missed a good chance to get out. Given now, I moved my stop to slightly below today's low so far @88.75. If it break down here, more likely further downside ahead. Otherwise, look for $96 area to close.
ABX appears to have a new low coming in before rebound. Stay focused.
On hourly basis, they seem to correlate quite well.
Seems like a pretty nice chance to enter until ~$23 level.
The is just one study that shows the current GDX down trend is approaching an end. The reason I choose TMV is simply because it is leveraged, a closer comparable to that miners are leveraged position of gold price. I understand there are reasons people don't like using the leverage ETFs, but this is only for short term. Since the beginning of this year, TLT and...
If it doesn't this time, it will do so soon. Don't think it's a good time to enter in short term though.
After a long time of consolidation, BABA finally wakes up and resumes the up trend, at least, currently. The current 3rd wave is targeting to $107 area but we need to wait for further signal to confirm whether this is a Big FLAT or truly back to the up trend.
Expect a zigzag to $93 - $94 area to long.
This is a volatile one. After a standard 5 wave down, a 3 wave counter-trend rally is unfolding. There is still some room to play for the upside. A conservative strategy would be waiting for the 3 wave done and playing the C leg. Will follow up later.
After a 5 up and 3 down and other 5 small wave up, we could be approaching the end of minor wave 1 of the 3 or C. Additionally, the chart also shows a HS pattern. High probability trade with well defined risk.