AFTERNOON UPDATE 2:20 PM

 

Juniors tagged the 10-day EMA and reversed. The bullish flag pattern remains intact. Closing below the 10-day would hurt the bull flag setup. If prices are going to break higher, they need to do so within the next few trading days, or the pattern will fall apart.

I considered removing my JDST hedge to play the bull flag in GDXJ. Miners have tricked me at every turn lately, and I’m a little gun shy. I think I’ll wait until closer to the elections before committing to another metals trade.