The EOD GDX robot will cover its short position and buy a new long position at the open today. The initial stop for the long position will be set 5.65% below the entry price. Another protection is active if the Money Flow closes the day below the average MF (currently -0.47%) minus porosity (-0.089%).

The RT GDX model has already reached another protective stage since the buy-from-oversold signal on 3/14. This protection is triggered because the Money Flow traded over the 0% + porosity (0.089%) intraday last Friday. A short trade would be initiated if it drops below the 0% line minus porosity (-0.089%) intraday this Monday.

After a trend day like Friday, we expect the most frequent occurrence of a range day (bounded by Daily R1 and S1) the following trading day. This expectation would be negated if GDX trades above Daily R1 (50.27) or below Daily S1 (49.04).

Among the technical signs of bullishness we will notice that GDX closed just above Friday’s VWAP (49.71), 5-day VWAP (49.60) and the new Weekly pivot (49.57), The support clusters are building strength and are overpowering the resistance clusters by a total strength ratio of 13:10.
The IWM robot is still in cash.
Billy

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