It is bullish that GDXJ has turned higher without having quite reached a 22.29 midpoint associated with a ‘D” downside target at 20.72. However, there’s not much we can do to get back on board, since the closest ‘external’ peak that would be usable for camouflage lies at 22.91. I”ll set a screen alert there and signal if a ‘b-c’ pullback suited to our needs occurs from just above it.
