Not quite sharing the love at least in the near-term…. of course there are extensions and I’m making conservative assumptions (38% retrace on wave (iv)) because I’m just not seeing the kind of price action I expected…

First GDX 2HR. I would see Wave (iv) completing sometime in October (Armstrong ECM??) and the final wave down completing Jan-Feb 2016

0630_GDX_EOD

JDST 2HR….

0630_JDST_EOD

Here’s a fractal (and there’s probably even better years to look at!!!):

0630_Fractal