GDX - miners starting to perk up again. In an interesting spot in the flag. Still some overhead resistance but with a little oomph it should be able to get thru. I was looking for this to trade back down to 38 again before a move up (and even 36) but metals are hanging in there and the miners seem to want to rise too. Could be a huge head fake but don't want to miss out completely if they are ready for next leg up. Macro environment very favorable. Started some long positions again today.
I would expect to see a sever correction that will be used to fry the shorts. Expect a good whipsaw here to drive the market higher for Gold, silver, and miners. Buying the next dip and because everyone is so bullish I feel like I'm on the right side of the trade not being long here.