GDXJ update

Here's the backlink.  While the potential threat I documented in the model there did not materialize, it was not my primary count.  I just like to look at all the potential threat points as we go so that I don't get blind sided.  GDXJ is nearing a potential source of resistance with the gap fill shown.  Its chart has gone exponential so at the very least we must expect a 7-10% pullback of the kind you can see within the orange HT near the upper left corner.

Keep in mind that this is, at best, just wave 1 up.  If you missed buying into the bottom of this, don't chase!  Wait for the pullback because it will come.  Wait for a wave count model that affords you sell triggers.  This thing has been pounded down here from $180.  It is better to leave potential winnings on the table than to get into high risk situations which could fall out from under you.

Wait for the pullback and then be bold with your bet but tight with your stops because we do not even have 5 confirmed waves up yet.  This could easily still be counted as an a-b-c.   Once above $30, however, the bearish case evaporates quickly and the next major resistance level is $46.