Remember the neckline from the inverse head and shoulder pattern? Sometimes prices will sink to backtest that level before turning back higher (called a throwback). The neckline currently rests between $19.00 – $19.10. If prices decisively break that level then only the $18.71 gap and cycle trendline remain. Let’s see what happens at the neckline, but this almost feels like safe-haven money exiting miners and going back into stocks.
