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Yesterday, on a massive spike in volume, the Market Vectors Junior Gold Miner ETF (GDXJ) formed a reversal candle, as it overcut its 20 and 50 day moving averages and closed near the lows of the the day. Also notice the divergence between the Accumulation-Distribution Histogram and the price action in this ETF. A move below yesterday’s low of $29.40 may present a shorting opportunity in this ETF. We are placing GDXJ on the watchlist. Trade details are available to our subscribers in the watchlist section of the newsletter.

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