GDX had a nice rise on Wednesday with a touch down to support and a touch up to resistence.
With the rise, ADX shows the trend moving up, as does CCI.
However, note the ADX black line. I am no expert, but do know the black line to indicate strength of the trend. Also, CCI could get rejected at the zero line as it was around the 10/17 mark.
Blue linear regression line on the chart has been my line in the sand.
No comments yet.