GDXJ’s ballistic rally died midway between two middling targets at 104.25 and 106.84, respectively. A more important one lies at 111.59, and we are using it as a bull-market objective with the potential to stop buyers in their tracks. More immediately, you can play for a run-up to the 107.96 target shown in the inset.  The pattern has yet to develop, since a ‘buy’ signal at the green line gave way to weakness on Friday that nearly stopped out the trade.  We’ll give bulls the benefit of the doubt for the moment nevertheless, implying p=103.21 can be used as a minimum upside objective when shares start to trade on Monday. If they fall on their face at the starting bell, slide ‘C’ down to the new low to create a fresh, usable pattern, even if it is beneath the current ‘C’ at 95.71 (10/2).