-GDX- Miners are below yesterday’s lows, and we could get a swing high. However, I’d like to see miners close below Monday’s $19.68 low before advising an October top. With the elections less than 2-weeks way, prices could stay rangebound into early November.
-SPY- It looks like stocks want to drop a little further before finding a bottom. A Traditional ABC measured move suggests a target near 260…if prices continue to weaken. I still expect a tradable bottom between now and the elections.
