PCLN broke down from a H&S top reversal pattern today. The reasons I’m showing you this stock is so you can see what a real strong uptrend looks like. Note the red bullish rising wedges and a bullish rising flag. They are all pointing up instead of down. In a normal move the little red patterns would point down. This chart says the parabolic move is now over and a hard fast move lower should now develop. APPL also broke down today.

GDX is now testing critical resistance from the bottom blue rail of the 5 point bearish falling wedge and the red consolidation pattern that sits right on top of the bottom rail of the falling wedge. The backtest comes in at 48 for both patterns.