GDXJ has risen in six of the last sessions, generating a very powerful impulse leg on the daily chart that has yet to correct. If buyers take this vehicle above the circled peak at 35.26 on Monday or Tuesday, it would suggest bulls are about to dominate for the foreseeable future. Presumably, they would have an easy path to 37.81, where the next ‘external’ peak lies. It was recorded in June and does not look like it will pose much of a problem. _______ UPDATE (Nov 15, 9:50 p.m.):  A failure to surpass the 35.26 peak is not the outcome we should  have expected from a prospective nascent bull-market. Let’s see if buyers can improve on this discouraging performance with a few more days of rest or a running start from lower levels.