Miners are testing yesterday’s highs, and we may have an interim low if prices close above them. A bounce should last 1-2 weeks. The 50-day EMA will be key. If prices fail to retake the 50-day (3-closes above), then they will rollover and continue dropping.

-GDX- Prices are testing yesterday’s high. A daily cycle low is likely if prices hold this level or better into the close.

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