GDX, daily
Summary
No doubt, many will be calling a key floor in the miners, but unless you think Gold is not going to the giant $1000 threshold.. this is merely another bounce, much like Monday.
-
Bearish on GDX, 15/14s.. near term. Although if Gold 900s next year, there is a viable possibility of 12/10.
--
As for main market.. is sure is quiet out there ahead of the jobs data.
VIX is reflecting this... u/c @ 14.17.