Folks, the theme of the previous update is now past-tense.
The opening gap on GDX is already closed (5 minutes into the regular session) and I for one am glad to have it gone. GDX gapped up and quickly faded to close what would have been an ongoing concern.
Now of course, we’d want to see GDX avoid a breakdown in sympathy with the broad markets, which are getting hammered. Just a quick note to close out the previous update’s theme. The gap is gone. Now we watch to see if a “trap” side of the gap ‘n trap equation will play out or not.
