We should know soon whether the bear market begun from $25 last October is about to descend t0 new multi-year lows below $17. First, however, GDXJ will have a chance to turn higher from 18.28, the midpoint support of the clear-as-day pattern shown. Bottom-fishing can be attempted there with an 18.35 bid, stop 18.19, but I wouldn’t risk any more than that. If the stop is hit we should infer that the weakness will continue down to at least 17.20, the midpoint pivot’s ‘D’ sibling.
