GDX seems to stabilize around Weekly S1 (53.56) for the lunch doldrums. The RT GDX MF is visiting new 20-day lows.
The former long term support uptrend line at 53.83 is now a potential long term resistance. We must beware of an always possible bear trap reversal, but as long as GDX doesn’t close the day above 53.83 we have a winning short position with a lot more potential gain to come.
Billy