$GDX Chart shows potential bounce area…$NUGT

$GDX chart shows that we have strong support at about 6% from current price. Price could do a brief excursion to get rid of stops and then rally right back. Indicators are turning down so lot of room to go down. Also today I noticed that today we had net positive inflow of $550M into the $GDX. So looks like smart money is positioning itself. I may take a long position in GDX tomorrow based on action. Will post tomorrow based on action. Also remember that we have a Fibonacci date on the 28th

HGFD