The intraday charts are bearishly impulsive going back to the narrow failure of  early February’s 30.55 high to surpass a key external peak at 30.76 recorded on December 2. However, if GDXJ continues lower it will have an opportunity to decisively change direction at 25.63, a compelling midpoint support shown in the chart. ‘Camo’ bottom-fishing is advised there, but if you simply put up a bid, I’d recommend an initial stop-loss no wider than 0.07 points _______ UPDATE (12:46 p.m. EST): Sellers crushed the midpoint support on the opening bar, implying that the lower target shown in the chart, 23.93, is now an odds-on bet to be achieved. Would you like to learn how we use the ‘camouflage’ trading technique to significantly reduce entry risk? Click here for details.