13Jun3:48 pmEST

Saving the Waterfall Jumper

The initial spike lower that GDXJ (ETF for junior gold miners) suffered after the FOMC decision at 2pm EST today had larger implications, too. 

As you can see on the GDXJ daily chart, below, juniors have been rather compressed for a few months now, with plenty of fits and starts keeping traders like myself mostly at bay and not being too aggressive in the space. 

However, just as the juniors looked to be jumping over the waterfall into the abyss, a bid appeared and reversed them back higher for a miraculous save at seemingly the very last minute. 

If gold bugs finally, and I mean finally, sustain momentum higher the rest of this week as the Dollar fades the we have some actionable, coiled individual long setups on watch which I will discuss with Members tonight. 

For now, kudos to gold bugs for saving the waterfall jumper (arrows). 

Do Not Nuke the Nukes Yet Stock Market Recap 06/13/18 ...

 
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