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Categories:Gold / Gold Stocks
4:45am- Added a GDX 60min chart---> buy the pullback, stop under the rising channel.
4:30am- SPX could be entering a bear market. It wants to test the 10-14-21 gap between 4372-4386. Resistance is now 4500. It took out its 30-week ema support yesterday. Last line in the sand is at its 34-week ema, as of yesterday"s close, at 4465. Sure, there will be a bounce, but it is not looking good as the Fed cuts liquidity. The markets are correcting rapidly.
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1-6-22 Protect profits, raise stop.
1-10-22 Watching for reversal upward
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