15 days ago I published an 8 year chart for-XME. Here is some of what I wrote: I am a person who believes in harmonic patterns . XME-and the metals that comprise this-ETF are repeating an 8 year pattern. In the mid 2008 sell-off-XME crawled back to retracement level .50, but this took two years. XME-is currently at Retracement Level (4) - this is Fibonacci .236 AGAIN. I have been very BULLISH on-XME, but to get to Fibonacci .382 (about $36.79), XME-must not fail at Fibonacci .236. If you are long and have profits, keep your stops close. XME-has come long and strong. A pause is due. Furthermore, I have drawn an EIGHT YEAR DOWN TREND LINE from 2008 to the present. (This is on the chart from 15 days ago). This is a very powerful negative. If-XME is to continue its current bullish trend , it has to penetrate $30 and hold. After a pause, look for higher highs and lower lows. If you don't see this then protect yourself and do not get caught in the resumption of the year 2008 down-trend. (End of previous comments).
Since 15 days ago XME-has mostly been weaker. I suggest you go back 15 days and look at this chart. It contains the "bigger picture". I am waiting to see if XME-can resume its uptrend and "take out" $30. You want odds? I say it is like tossing a coin, only 50-50.