The slight dip beneath the 54.84 midpoint Hidden Pivot support of the pattern shown implies more retracement is needed to set up the next big push to a presumptive 60.62. The first place you could look for a turn is 54.44, a minor support given here last week. Beneath it lies prospective support at p2=53.44, the ‘secondary’ pivot; or a worst-case 52.03. There are two additional bull-market targets that I mentioned here earlier. They lie, respectively, at 72.73 and 111.59.
GDXJ – Junior Gold Miner ETF (Last: )
