GDX KEY POINT - Market Analysis for Jan 6th, 2021

Jan 6, 2021 - 9:39 AM EST

Needless to say, VERY key point for GDX here. It MUST hold the pivot on the 8 minute chart and then break out of the downtrend channel on the daily chart from here. Otherwise, probabilities rise again for a lower low . . . or this bigger wave i takes shape as a leading diagonal.

Will do a full update later.

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Avi Gilburt is founder of ElliottWaveTrader.net.

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