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Re: None

Wednesday, 08/15/2018 8:34:38 AM

Wednesday, August 15, 2018 8:34:38 AM

Post# of 215
SNES broke several support areas (1.20 and then 1.00 and the 200 MA). Support now should be the band from .75 - 1.00, so it may consolidate in that zone for a while, and what happens next should depend on news flow. If .75 doesn't hold then next support would be the .50 -.75 band, based on the chart anyway..

Fwiw, it will be interesting to see what happens next with ARYC. It's consolidating after the big run up, so will see if it can stay above the rising 50 MA.

The gold miners have really gotten pummeled with the big drop in gold this year. Looking at GDXJ, it broke support at 30 and looks like it might have to test the 2016 low around 27.50 Likewise with GDX, which broke support at 21 and might be destined to test its 2016 low also (18-19).




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