GDX was recommended as a potential buy on Wednesday morning (and had a down day Wednesday), rebounded on Thursday with a gap up that held and closed near the high. That low from Wednesday needs to hold now. 

For the SPX, I still believe it’s a market where floor traders just collect premiums — dips will be bought, rallies will be sold. Waiting for the nex better directional set up. 

If you are looking for more set ups like the one I spotted in GDX, definitely check out my X-Ray Indicator. It has been one of my favorite go-tos in this wild market.

Thanks,

Joe