The IWM robot is still patiently waiting for the limit short entry of 79.81 to be hit. Nothing much has changed with yesterday’s flat trading action. There was some large players accumulation as shown by the 20 DMF, but nothing exceptional. The multi-pivot outlook will remain bearish as long as IWM doesn’t close above Quarterly pivot (80.28).
The GDX robot LT/ST settings are still advising to stay in cash. The GDX model remains in a short mode although the PM MF finished strong yesterday and far away from the -1.45% oversold level. A buy signal is waiting at the average + porosity (0.090% today) level.
The multi-pivot outlook remains bearish as long as GDX doesn’t close above Yearly and Semester pivot (44.77).
Billy
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