Whilst the main market saw moderate weakness, there was increasing upset after a mysterious 'big seller' in the Gold market, which resulted in the related miners unravelling across the day. The ETF of GDX saw a sig' net daily decline of -7.0% @ $26.98. Near term outlook is bearish. Mid term.... borderline bullish.
Suffice to add... today's daily candle sure was ugly.
The bigger trend since the Jan' low in the $12s, is clearly still intact. However, any price action in the $26s in September will be enough to provisionally break rising trend.