GDXJ looks vulnerable enough to fall all the way down to 53.31. The outcome may not turn out to be quite that bad, but your trading bias should be bearish for the time being. The silver lining is that if GDXJ should fall to the target, it would provide an unbeatable opportunity to bottom-fish with a tight stop-loss. This is a back-up-the-truck number, and so I will not make this tout publicly viewable. The last time I did this was in MSFT, which dropped $11 after getting within an inch of a 450.24 target that was ‘blacked out.’
GDXJ – Junior Gold Miner ETF (Last:58.71)
