It was cheap Insurance. At this point I would just push the trade and forget about it. The Spu needs sustained price action under 1290-91 for this trade to work. Notwithstanding the Metals and the GDX are still showing lots of strength.

A close over 61.24 in the GDX and you can expect more follow through to the upside.

MCP…has just taken out some longer term buy stops.