Taking Inventory of the Ranges

Equities are not the only asset class which has been mired in a whippy range in recent months. 

In addition, precious metals have seen fits and starts for a while, albeit in an established bear market while equities are still in an overarching bull.

Turning to the junior gold miners, I am watching the GDXJ ETF, seen below on the day timeframe, to see if yesterday's apparent rising wedge (light blue lines) breakdown proves true or instead amounts to some type of "bear trap."

Elsewhere, natural gas is gapping higher and on the radar. 

And regarding equities the indices are now in the upper-middle portion of their multi-month ranges.