It's Decision Time - Market Analysis for Nov 10th, 2026

I think we have done a good job of getting you to this point in the metals complex.  We have what seems to count relatively well as a 5 wave rally off the recent low in GDX right into our target box, which I have counted as wave i of (3).  Since then, we have pulled back to the support box I added to the chart for a wave ii.  

At this point, there is not much more for us to do.  The market is either going to hold support and begin an impulsive rally over yesterday's high - thus signaling that we are likely in the next major rally in the GDX and mining stocks - or it will break below this support box, and open the door to the lower lows in the c-wave in the yellow count, which seem to be targeting the 70 region.  

There really is not much more to say.

Of course, this applies to silver and gold as well. 

Should we see a break out in the coming days, then I will add a pivot to the charts to provide further guidance.