GDX MICRO SUPPORTS - Market Analysis for Mar 8th, 2017

Mar 8, 2017 - 9:35 AM EST

Just as the MICRO in silver is a bit modified . . this micro move down from yesterday in GDX has a 2.00 at 20.55 region. Below that is 20.25, and below that is support at 19.90. But, I really would want to see a reversal very soon to suggest this is still bottoming, even though the technicals seem to point to that. This has pushed us to the limit yet again.

I will do a bigger update this evening, but for now, these are the supports in GDX I am watching.

Avi Gilburt is founder of ElliottWaveTrader.net.

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