So far today, Quarterly pivot (54.78), Monthly pivot (55.15) and Weekly R1 (55.44) have been conquered with a very strong GDX MF. This is very positive action.

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GDX is now pausing near the dual resistance confluence of Yearly and Semester pivots (55.88) after peaking at Daily R2 (55.82). The fact that it happened without any weakness in the RT MF bodes well for a soon-to-follow breakout of the dual YPP/SPP resistance.
Billy

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