Scott Redler’s Chart Attack: SPY & GDX


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SPX futures are up 1-2 handles in a very choppy lethargic trend to the upside.

I would expect more of the same until Friday.

We'll see if we can break above $219.60ish, if all those warnings about a market correction since MAY come to light:

Stay tuned.

GDX has been the place to be in 2016 with lots of buyable pivots and trends.

Recently, it lost momentum when it broke $30.40.

A break and close below the 50 day could trigger selling in this crowded trade.

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