GDXJ – Junior Gold Miner ETF (Last:17.92)

Bulls and bears are struggling for the soul of this vehicle, using the 18.90 midpoint pivot shown as a fulcrum (see inset).  Based on the pattern, GDXJ seems likely to fall to at least 15.62, its ‘D’ target. Alternatively, it would take an upthrust exceeding 19.52 to put buyers back on the aggressive.