The rally begun a month ago finally achieved the red line (p=38.90), which was about as far as I thought it might go after signaling a ‘mechanical’ buy at x=35.38. My hunch is that GDXJ will pussyfoot between the red and green lines for longer than we have patience. We’ll give it the benefit of the doubt nonetheless, using p2=42.23 as a minimum upside target. Prompt me in the chat room and I may be able to provide timely trading guidance.
GDXJ – Junior Gold Miner ETF (Last:37.91)