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GDX: Gold Miners Shares Mostly Very Weak

שורט
AMEX:GDX   VanEck Gold Miners ETF
9
GDX-indicators look very weak.
Individual gold-miners also look very weak (KGC-HMY-EGO-GFI-GPL-HL-GORO).

Most time horizon charts for-GDX are very negative.

1. There has been a complete breakdown in the uptrend.
2. Sell Fractal.
3. The top middle indicator is a 13 interval momentum of OHLC/4, and this has crossed the zero line down-wards.
4. The top indicator is a 34 interval momentum reading of the-GDX-price. This is weak, heading lower. This is a sell signal.
5. Chop (under chart) is below THE SHADED AREA, indicating a DOWN-TREND. This is a sell signal because the chop zone color is red.
6. Chop zone (under chop) is red, indicating a downward trend. This is a sell signal.
7. The red conversion line of the Ichimoku Cloud is heading lower. This is a sell signal.
8. The black baseline line of the Ichimoku Cloud is heading lower. This is a sell signal.
9. Prices are trading below the Ichimoku Cloud conversion line and baseline. This is a sell signal.
10. Prices are now below a 233 interval trend-line. This is a sell signal.
11. The chart for-DXY is showing strength, and dollar strength usually means-GDX weakness.

Conclusion: I see continued weakness in-GDX.
I hope all of your trades go well. Don.

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