GDX Vulnerable To Bout of Weakness
GDX (Gold Miners ETF) Update: My preferred scenario remains viable. As long as any strength is contained beneath resistance at 102.39 (last week's March-April rally high) and 103.40 (my line-in-the-sand technical resistance level), my pattern and momentum work indicate that GDX is vulnerable to a bout of weakness that presses the price structure toward a retest of the March corrective low-zone from 85 down to 79, prior to my expectation of the emergence of a new, powerful advance... Last is 94.97-95.08...
