The short-term bearish picture for this symbol is congruent with my outlook for Comex gold and silver. Since trading is all about avoiding bumping heads with a thousand clowns, we should wait until GDXJ stops them out with an inevitable dip beneath the twin lows from early February pennies beneath 121. On the daily chart, the trigger interval for getting long thereafter would be 3.65 points, but we can probably cut that by 90% by pulling a trigger pattern from the lesser intraday charts.
$GDXJ – Junior Gold Miner ETF (Last:123.93)
