GDXJ – Junior Gold Miner ETF (Last:34.41)

The clock ran out on GDXJ when it was in the throes of a snapback rally following a dip beneath two ‘internal’ lows recorded around Halloween. The day ended in a ‘discomfort zone’ bounded by the lows and another at 32.05 from October 12.  That makes it tradeable, but not by way of easy instructions that I could proffer a day in advance. However, if you’re proficient at fashioning reverse triggers, you can try a 37-cent trigger interval from any low that falls in the range 32.15-32.44. _______ UPDATE (Nov 14, 8:15 p.m.): GDXJ blasted off with a gap opening, denying us, and nearly everyone else, a chance to get long. That could give the rally a little staying power, although I doubt it will get very far due to the two previous failures to poke above mid-September’s 36.14 high.