[GDXJ] is kissing the 61.8 fib.

Looks like a C or 3 to me.  If support is found at the 61.8 fib then this is likely 2 or B of a larger bullish pattern.  Of course the key word is likely.   As in use stops or you will likely lose your ass over time on these leveraged bets.   I'm looking for something that indicates the selling pressure is abating.  I plan to pile back into JNUG into the final minutes of trading and then just hold overnight to see if I can catch a reversal.  It might stop me out tomorrow early but that's the risk you take.  It probably won't gap down tomorrow AM since it has already sold off so strongly today.  If the 61.8 can't hold then look for it at the 70.7.