GDXJ’s ascent over the last month left quite a mess on the hourly chart, but it all fits so nicely within the 13-point channel shown that we can probably rely on it for predicting important turns both above and below.  An ambitious target at 135.90 has served as a bullish lodestone for quite a while, and even though I am growing increasingly skeptical that it will be reached any time soon, meaning with the sensationally steep slope of the last six months, I’m ready to set my skepticism aside if this vehicle vaults the trendline and holds above it for at least two days.