Am still confused about what level to short the market.
Will the rapidly falling 21dma at 2675 currently prove to be resistance, or will we rally back to the slowly falling 200dma at 3030? If the former, then we could retest yesterdays highs next week and then drop fast.
Am unwilling to be long or short. Came close to shorting the gdx, and of course not doing so was wrong. I expect gold and silver to drop again at some point, maybe to the recent lows, before taking off big time.