There were subtly encouraging signs in yesterday’s price action as well as some good handholds for getting long via camouflage. Notice that the intraday high exceeded May 9’s peak by a single penny.  That’s not much, but it was sufficient to refresh the bullish energy of the intraday charts as all robust rallies should, while also generating a buy signal (already tripped) at 12.53. The pattern points to D=12.82, and if the rally gets  past that number with ease, we should infer that it is destined for even bigger things.  Camo traders able to get aboard should let me know in the chat room so that I can establish a tracking position for your further guidance. _______ UPDATE (June 5): A day’s hesitation has not diminished the bullish look of the intraday charts, and a tradable rally pattern will remain intact as long as 11.75 is not exceeded to the downside (see inset, a fresh chart). _______ UPDATE (June 11, 3:03 a.m. EDT): A few more days’ hesitation sent GDXJ into a relapse that breached the prior low at 11.75. This created a bearish impulse leg, although bulls should still be presumed to hold an edge in this ‘duel’ (see inset, a new chart).  That will remain the case until such time as 11.09 is exceeded to the downside.