fails to break out today, showing a bearish engulfing candle. Metals and miners will break out soon one way or another, but I still favor the short side. When an entire sector ($GDXJ
) rallies over 340% in 6 months (from 19.52 to 65.95), the risk and reward does not favor the bulls. I know that there's a chance of an upside breakout, but I wouldn't long here. If miners rally big from here, I will gladly miss it.