Yesterday’s short-squeeze spike stank of distribution, hinting of lower prices to come.  Even so, I’m going to suggest using the ‘external’ at 18.60 (see inset) to get long via a camouflage if the opportunity should arise.  Specifically, any b-c pullback from within the range 18.61 – 18.64 should be leveraged simply by buy-stopping your way aboard at the calculated ‘x’ entry price of the pattern. Otherwise, use a straight bid if the stock feints lower and finally hits the 18.28 target it has been teasing for the last two days.  Bid 18.31 for 400 shares, stop 18.19. ______ UPDATE (February 11 at 10:04 p.m.):  The little hoser stopped us out for pocket change, hitting a low of 18.01 intraday.  Let’s try again, bidding 17.88 for 400 shares, stop 17.79. The not-exactly chopped-liver target at 17.85 is shown in the chart.  _______ UPDATE (11:03 a.m. EST):  The stock bottomed at 17.85, precisely on the target, then rallied 27 cents to a so-far high of 18.12.  The move is not yet impulsive, even on the lesser intraday charts, but it would become so on a print exceeding 18.17. For now, maintain a stop at 17.79, but if and when GDXJ gets above 18.17, switch to an “impulsive stop” on the 5-minute chart.  This means you would exit the position if a bearish impulse leg is generated on the “5”.