GDXJ-Junior Gold Miners

GDXJ looks pretty good here for a long swing trade...

 This isn't a major descending wedge, so I doubt the normal wedge rules of a lateral base will apply, I would think the wedge target price probably applies, "Wedges retrace their base", so maybe a swing move to the $29-$30 area...

 Here's a very tight intraday stop. If the trade gets moving, this will need to be widened.

 The 30 min chart, you can see the last negative divergence at the same time we had the GLD head fake +215% trade.

 The 15 min is positive as well

 The 5 min is positive too.

Right now, the 1 min is in line with price or trend confirmation.

I may open a position here in the options model portfolio