Two technical factors augur a tradable bounce from these levels: 1) the presence of a major Hidden Pivot correction target at 263.95 on the very long-term chart, and 2) an obvious structural support at 254.95. Camo buyers should use the 15-minute chart to plot an entry strategy. The key ‘external’ peak to use for leverage is 284.40, recorded on April 16 at 9:45 a.m. EDT. If you fill the order please let me know in the chat room so that I can establish tracking guidance. _______ UPDATE (April 24 at 11:04 a.m. EDT): With this morning’s gap-up opening and 276.00 high, the Gold Bugs Index has taken flight after bottom a day earlier at 263.19, less than a point from the major target given above. I am not establishing a tracking position, however, since the take-no-prisoners, short-squeeze gap provided no camo opportunity whatsoever to get on board.