Thanks Fully, and to the reader who inquired about my work.  Below is the updated chart for GDXJ, with Fib time series applied.  I took a break from posting to lurk from the sidelines, which I enjoyed, but expect to be posting more often.  I have some friends who are interested in learning about trading, so I will encourage them to visit this site.

As you can see, we did indeed get a trend change at about March 10, as called for in my previous post.  In addition, we also saw the market turn at about the first of May, at the confluence of two fib series.

Please note the addition of two new time series, the gold series placed at the March bottom, which by the way – called the intermediate high of $38.57 almost to the day, and the grey series, placed at the May bottom.

So what do we see now?  A cluster of several fib-cycles coming together during the latter half of July, one of which represents day 144 of latest cycle within the red time series.  This is the time series that began with the bear market bottom in January, 2016 – so I expect the end of that important cycle, along with the confluence of other, more recently placed time series, to represent a significant turning point.

Please also note what appears to be a rising bearish wedge denoted by the blue trendlines, which bears watching – pun intended.