A super simple update showing that yesterday HUI dinged the 1st resistance level per Monday’s update.
So far that has held. Again speaking personally, I’d love to see a capitulation here and now to get this correction over with, but if the bounce tries to re-start the 2nd noted resistance around 275 would become the short-term objective.
If resistance #1 holds we are looking for 230 next on the downside. As for calling a bottom, big negative volume in the ETFs and premier gold stocks would be helpful in ascertaining a capitulation.
