SPX Monitoring purposes; Sold long SPX on 3/13/19 at 2810.92= gain 2.47%; Long 3/8/19 at 2743.07. Monitoring purposes GOLD: Long GDX on 1/29/19 at 21.96. Long Term Trend SPX monitor purposes; Long SPX on 10-19-18 at 2767.78.
Above is the monthly GDX going back to late 2015. We have posted a “Volume by Price” indicator, which shows that the most volume occurred inside the 22.00 and 23.00 price range. Note that the GDX is eating through this price range now and, once through, it will become strong support. There are other things to notice on this monthly chart: the monthly RSI is greater than 50 and bullish, the moving averages of the 5, 9 and 11 had a bullish crossover in January and a longer-term bullish signal, and the 10-period moving average of the GDX/GLD ratio had a bullish crossover. Though the market is moving as fast as snails, the trend is up. Long GDX on 1/29/19 at 21.97.
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must! • DiscoverGold
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