The 159.17 rally target presented here last week remains viable, but I’ve switched to a neutral point of view because of last week’s stall. So far, GDXJ has held support at the red line, a midpoint Hidden Pivot at 122.07. If it heads higher this week without dipping beneath it, that would reaffirm the bullish outlook. However, a decisive breach of p would open a path to the pattern’s 107.89 downside target.
$GDXJ – Junior Gold Miner ETF (Last:125.41)