Weekly chart of ratio of GDXJ (Junior Miners) vice SPY....when ratio is going up Jr. Miners outperforming SPY and vice-versa.
Trend obviously still down.....BUT bullish RSI divergence since May 2013 indicates RSI forming higher lows despite price going down. Might GDXJ start to move north and carve out some zig-zag type pattern but moving up steadily? Just a hunch.....TBD....also visible on daily chart as well.
Trend obviously still down.....BUT bullish RSI divergence since May 2013 indicates RSI forming higher lows despite price going down. Might GDXJ start to move north and carve out some zig-zag type pattern but moving up steadily? Just a hunch.....TBD....also visible on daily chart as well.