I’d like to point the metals & mining ETF and its relationship to its Bollinger Bands:

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I’ve mentioned XME many a time as an appealing long-term short position, given its cyclic history. I wanted to provide a different perspective on this by stripping out both the price data and my drawn objects. Below are the trio of exponential moving averages (50/100/200). I hope this helps amplify my case, but judge for yourself!
