GDXJ – Junior Gold Miner ETF (Last:35.27)

Junior Gold Miner ETF (GDXJ) price chart with targetsThe Junior Gold Miner ETF’s weekly chart shows ‘dueling impulse legs,’ with neither bulls nor bears in a position to dominate.  I expect the vehicle to continue moving sideways for perhaps another 3-4 weeks, but if the process includes a selloff in the weeks ahead, we can use the midpoint of the pattern shown to gauge the determination and strength of bears.