GDXJ – Junior Gold Miner ETF (Last:47.73)

Mr Slammy hauled out his sledgehammer and knocked GDXJ for a loop midweek, but by Friday buyers were back in force, threatening to turn the 49.02 midpoint Hidden Pivot resistance into chop suey. It had stopped a strong rally cold a week earlier, but the next time, which appears imminent, bulls seem likely to triumph.  A decisive breach of the red line would put this symbol on track for an easy shot at p2=60.62. That number can be used as a minimum upside projection once GDXJ has traded for two consecutive days above p.