HUI Update…

Today the HUI is attempting to backtest the top rail of the downtrend channel, trying to close theĀ  breakout gap, with the 50 day ma coming in at the 187 area. So far thisĀ  normal price action after the breakout as long as the top rail holds support. If it fails it will be a warning shot across the bow that the bulls might not be as strong as they appear.