Very interestingly, the Dow/GDXJ ratio (above left) three-line break reversal disappeared intraday on Friday, when GDXJ was absolutely slammed at 10 am out of nowhere. However, GDXJ recovered enough to pull off the ratio reversal by a hair.
But gold stopped right at its 20-30 wk moving average "ribbon":
Note (1) this is a parabolic formation on a log chart (extra bearish, if you will), and (2) any three points determine the parabola, which now has been touched intra-week 12 times. . .