PRE-FED UPDATE 1:30 PM

 

Metals and miners are bouncing into the 2:00 PM Fed announcement. The setup for a November breakdown appears valid, but maybe I was tricked again. Let’s see what prices do after 2:00 PM.

-GDXJ- Miners are bouncing a little going into the 2:00 PM Fed announcement. Let’s see how prices close. If prices continue to rally, I’ll exit today’s JDST position with a small loss.