GDXJ – Junior Gold Miner ETF (Last:26.99)

Breach of p could be expectedI’ve updated my analysis for this vehicle, since recent price action has clarified the 24.04 target shown. It won’t be a done deal until such time as the midpoint support at 26.14 is breached decisively, and GDXJ would actually be a bull trade, short-term, on a bc-type pullback from just above 27.40.  Even without the breakout, the prospective abc pattern shown would be a spec buy if it triggers at the still unformed x.