The selling pressures on the GDX continues to accelerate. In fact, one more day like today and the candlestick pattern will have formed a three black crows pattern, a very bearish formation that suggests a reversal in the price trend. That said, the selling volume in the last two days is still not strong enough to counter the 32 million shares on the 9/13 uptrend, which we are now pushing in to.
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