GDXJ – Junior Gold Miner ETF (Last:28.96)

Junior Gold Miner ETF (GDXJ) price chart with targetsLet’s use the 29.61 Hidden Pivot shown as a minimum upside objective for now.  The point ‘B’ of the pattern is pure sausage, so we shouldn’t count on an exact hit — just a rally target good enough for government purposes.  That implies that if 29.61 evinces no resistance whatsoever, bulls should be deemed capable of an assault on  early December’s high at  30.76, a key structural resistance.  Camouflageurs should position themselves for a hair-trigger entry following a shallow B-C pullback from above the 29.09 peak recorded on December 9.  You can learn how to do this trick yourself! Click here for information about the upcoming Hidden Pivot Webinar and a $50 discount.