AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
29 2 2
I remain bullish GDX             , and am building positions in several miners within the complex (not all necessarily held by the fund). This rally suggests a b-wave in green 2, and the 20.50 region (61.8% retrace) would be my minimum expectation. Even a new nominal high (over 21.42) in an expanded flat would not surprise given the bullish potential for this complex.

Drop into alt wave 2 target region did not play out (blue count).
Excuse me, 22.27 as indicated on the chart...
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I've moved up the bullish trigger signal to allow for a large b-wave mentioned earlier. Over 21.27 would be a strong indication that wave 2 has completed.
snapshot
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