Well, I’ve added another line of potential support for GDXJ because of yesterday’s price reversal.

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Some will say yesterday’s reversal was simply a back-test of the breakdown that occurred on Tues, and that’s certainly valid analysis, but then that can also be applied to the $HUI as well…

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And inspired by Graddhy’s ABX chart, I went back and took another look at GDXJ and have come to believe that perhaps $38 is not necessarily an inevitability after all, as GDXJ also appears to be consolidating just above it’s own massive (green) neckline…

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