GDXJ Update

I'm liking the junior miners (GDXJ) better than GDX at this point. I'm close to considering some calls in GDXJ for a very short term trade based on the volatility shakeout concept. A break above $21.90 would probably clinch the trade for me, but it is only worthwhile using calls. This should certainly be considered a speculative trade.

 AS GDXJ pulled back, as we wanted to see, 3C is looking better here on the 1 min.

 The same with the 2 min

All of the smaller intraday 1-2 min divergences are accumulating on the 5 min chart which is leading positive, this is what I was hoping to see and why I would consider a long Call GDXJ position -probably May expiration and slightly in the money.