We’ve been using an ambitious rally target at 135.90 for a while, but the pattern shown looks so heavy that it’s time to focus on corrective patterns on the lesser charts. This will give us a more finely nuanced ‘read’ on trend strength, and perhaps even telegraph an exuberant leap into the bearish gap that occurred when the markets opened on Monday after Christmas. The immediate target is a ‘d’ Hidden Pivot at 115.12, and it would need to be penetrated easily and decisively to suggest a very-bullish ‘island-gap reversal’ in the making, Alternatively, if the rally fails, brace for backsliding to around 108, where GDXJ consolidated in early December for its powerful run-up to the 122 peak recorded on December 26.