11am update - miners offering a turn

Whilst US equities continue to see moderate gains... with a new historic high of sp'2049, there is a viable reversal underway in the miners. GDX has got stuck just under the old broken floor of $20.


GDX, daily

JDST, 60min

Summary

*JDST is a fine example of how crazy wild the 3x leveraged instruments can move across just a few weeks. Anyone not using stops since the last peak is -60% or so in just 9 days!
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As for the main market... there are multiple signs (still) of an exhausted market.. despite the sp'500 breaking a new high.

First target remains a daily close under the 10MA of sp'2037. If that occurs, it will confirm what the Trans/R2K have been warning about for the past few days.
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Notable weakness, energy... Nat'gas and Oil both lower by around -1.1%
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time for an early lunch