GDXJ’s punitive reversal last week following a promising rally failed by two ticks to trigger a theoretical sell signal. It will likely happen in the next few days, however, sending this gold-miner ETF down to at least 48.25, the midpoint Hidden Pivot support.  As always, a decisive breach of the support on first contact would imply more slippage down to as low as the pattern’s ‘d’ target — in this case, 43.66.  That is unlikely, but we’ll be better able to assess the odds once we’ve seen sellers interact with p.