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MarketIntel

GDXJ: Excellent!

VanEck Junior Gold Miners ETF (AMEX:GDXJ)  
MarketIntel  
AMEX:GDXJ   VanEck Junior Gold Miners ETF
Trend Analysis Chart Patterns Wave Analysis GDXJ vaneck juniorgoldminers goldminers miners mining ETF chartanalysis waveanalyses
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trendanalysis chartpattern waveanalysis gdxj vaneck juniorgoldminers goldminers miners mining etf chartanalysis waveanalyses
GDXJ is still acting squarely in accordance with our expectations and has advanced into the magenta zone between $37.26 and $24.77, where it should soon finish wave ii in magenta. Afterwards, GDXJ should turn upwards, crossing $36.58 and heading for the resistance at $51.92. There remains a 30% chance, though, that the ETF could fall through the magenta zone and below the support at $19.52, thus activating further descent.

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