We caught a favorable breeze after getting long last week at 121.17, the midpoint Hidden Pivot of the bullish reverse pattern shown. We seldom initiate ‘mechanical’ trades at the red line, but in doing so this time, we may have jumped the gun. The position feels a little precarious, so I’ll suggest taking a profit on half when this symbol starts trading on Monday morning. Assuming GDXJ opens above our acquisition price, you should set a break-even stop-loss for the rest. Odds are still in our favor, given the easy move through p on the way up, and also the fact that it has racked up four consecutive weekly closes above p since the red line was first touched.
GDXJ – Junior Gold Miner ETF (Last:123.75)
Posted on April 26, 2026, 5:13 pm EDT
Last Updated April 24, 2026, 10:19 pm EDT