$SPX, $IWM & $GDX Daily Charts update
1. $.SPX(.SPX)$ - You can be as bullish as you want, but this candle completely above the Bollinger band suggests that buying here is extremely risky, at least for the very short term. Yes, the Stochastic is not overbought.
Sometimes, the market falls the day after FOMC.
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2. $iShares Russell 2000 ETF(IWM)$ - Two Indecision Candles in a Row
Usually a reason to fill the gap, considering that price action is above the Bollinger range. High daily volume validates the indecision candles.
Hanging man + Shooting star + Gap Up = ⚠️
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3. $VanEck Gold Miners ETF(GDX)$ - Bottom in, getting ready for $44.
Bollinger bands and Stochastic has been a good combination to time this security.
The bullish reversal setup is validated by high volume.
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- KSR·11-08👍LikeReport