$GDX

GDX expected to form a higher low and rally toward 105; bullish thesis invalid if current low is lost.

Bullish
“askSlim Market Week 09/04/26 - Analysis of Financial Markets”
Steve MillerPublished Sep 4 · 1 passage

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the next one that I have. I don't have all these, but uh we can do GDX. Of course, we have GDX on the weekly chart. Uh there is a low that formed, rallied, and is now forming that higher low flag uh as we speak here.

Let me see if I can get this drawing tool to work. this higher low flag that is actually forming here. And we're going to be looking for this to then turn its way back to the upside through the uh the 786 at 107, hit the old high, reasonable at about 118 on the intermediate term short-term, a low that has been due.

Looking for this to form a higher low here uh and then turn its way back up towards the 105 area on the upside. Obviously, if it loses this low here, that would invalidate that bullish thesis in the short term.

Watchpoints

price action relative to the forming higher low

What this channel has said about $GDX

Steve Miller has 2 calls on this stock; only the adjacent ones are shown.

2026-09-05Bullish
we can do GDX. Of course, we have GDX on the weekly chart. Uh there is a low that formed, rallied, and is now forming that higher low flag. uh as we speak here. Let me see if I can get this drawing tool to work. This higher low flag that is actually forming here. And we're going to be looking for this to then turn its way back to the upside through the uh the 786 at 107. Hit the old high reasonable at about 118 on the intermediate term. Shortterm a low that that has been due. We're looking for this to form a higher low here uh and then turn its way back up towards the 105 area on the upside. Obviously, if it loses this low here, that would invalidate that bullish thesis in the short term.
Quote at 27:44 ›
2026-09-04BullishThis one
the next one that I have. I don't have all these, but uh we can do GDX. Of course, we have GDX on the weekly chart. Uh there is a low that formed, rallied, and is now forming that higher low flag uh as we speak here. Let me see if I can get this drawing tool to work. this higher low flag that is actually forming here. And we're going to be looking for this to then turn its way back to the upside through the uh the 786 at 107, hit the old high, reasonable at about 118 on the intermediate term short-term, a low that has been due. Looking for this to form a higher low here uh and then turn its way back up towards the 105 area on the upside. Obviously, if it loses this low here, that would invalidate that bullish thesis in the short term.
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