GDX MICRO SUPPORTS

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.