I shorted GDXJ and GDX into the huge strength today.

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I shorted GDXJ and GDX into the huge strength today.

The bear flag megaphone on SPX hadn’t broken down at the close last night but is very likely to at the open this morning. Overnight ES has already tested and slightly exceeded the August low at 1804.25. The downtrend has resumed. SPX 60min chart: