Metals Gap Approaching

The SPDR S&P Metals & Mining ETF is approaching a critical price gap at 114.50, signaling a potential short setup.

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Source: DepositPhotos

It’s been a fairly quiet morning so far, with my efforts mostly focused on staying engaged in a market in which by all rights I should lose all interest. Still, even a cursory glance at my trading rules would indicate that it’s precisely at times like these that are often the most opportunity-rich.

I’ll just share one particular chart for the moment, which is the metals and mining fund XME. It has a price gap at 114.50, and the closer we get to that gap, the more intriguing a short setup we have.

STOCKS IN THIS ARTICLE

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