The Market Vectors Daily Gold Miner ETF (NYSEARCA:GDX) is testing the underside of the trend break shown in the daily chart below:
The test may be nearing completion and volume has contracted for the day........
Subsequent action will give more detail on whether this is a trend-change or a yet another set-up that has been orchestrated to trap the bulls.
Chart by TeleChart
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.