{"id":13957,"date":"2011-08-28T11:00:19","date_gmt":"2011-08-28T15:00:19","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=13957"},"modified":"2023-04-13T09:26:39","modified_gmt":"2023-04-13T13:26:39","slug":"back-to-the-future","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/back-to-the-future","title":{"rendered":"Back to the future"},"content":{"rendered":"<blockquote><p>The future&#8217;s on it&#8217;s way, the past is gone<br \/>\nOld and rusted, with your busted bones<br \/>\nBreak the crystal ball, you&#8217;re on your own<br \/>\nWipe away the fear of the unknown<\/p>\n<p>Now, here we go, on with the show<br \/>\nMakin&#8217; our way, just living for today<br \/>\nIt&#8217;s in my sight, and the time is right<br \/>\nFor takin&#8217; a bow, into the now\u2026\u2026\u2026..Tesla<\/p><\/blockquote>\n<p>Today the $62 level in GDX came into play in a big way. $62 had been support both early this morning and yesterday. Just before lunch GDX trades down to $62 and gets a feeble bounce. The third time here and no juice to the upside.\u00a0 Get short, maybe the future is on the way!<\/p>\n<p>Both times here before we notice the aggressiveness of the buyers off the level. Wipe away the fear, <a href=\"https:\/\/www.smbtraining.com\/blog\/tape\">the tape<\/a> is giving clues. Get short.\u00a0 The crystal ball of support breaks, and what are you going to do now all on your own?? Get bigger, the past is gone. Exactly, past support is gone \u2026embrace the future and stay short.<\/p>\n<p>Now here we go on with the show. Let the tape tell you when to cover. Nice trade. But wait sometimes history repeats and the past comes into view. A nice low volume rise back to the past but you\u2019ve seen the future and you know what to do. Get short again. Its in your sight the time is right!\u00a0 Makin our way, just trading for today.<\/p>\n<p style=\"text-align: center;\">Jeff Davis <a href=\"http:\/\/twitter.com\/#!\/Shaq48_Trading\">@shaq48_trading<\/a><br \/>\n<a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/08\/GDX.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-13958\" title=\"GDX\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/08\/GDX.jpg\" alt=\"\" width=\"520\" height=\"400\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/08\/GDX.jpg 867w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2011\/08\/GDX-300x230.jpg 300w\" sizes=\"auto, (max-width: 520px) 100vw, 520px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The future&#8217;s on it&#8217;s way, the past is gone Old and rusted, with your busted bones Break the crystal ball, you&#8217;re on your own Wipe away the fear of the unknown Now, here we go, on with the show Makin&#8217; our way, just living for today It&#8217;s in my sight, and the time is right For takin&#8217; a bow, into &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/back-to-the-future\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":13958,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1532],"tags":[1884,1828,1193,653,1354],"class_list":["post-13957","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-guest-blog","tag-remote-training","tag-smbu","tag-trader-education","tag-trader-training","tag-trading-coach"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Back to the future | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/back-to-the-future\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Back to the future | SMB Training\" \/>\n<meta property=\"og:description\" content=\"The future&#8217;s on it&#8217;s way, the past is gone Old and rusted, with your busted bones Break the crystal ball, you&#8217;re on your own Wipe away the fear of the unknown Now, here we go, on with the show Makin&#8217; our way, just living for today It&#8217;s in my sight, and the time is right For takin&#8217; a bow, into ... 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