20May3:15 pmEST
Fork in a Dark Road
The junior gold miners are turning in a good session, as we head towards the close in the final hour.
On the updated GDXJ daily chart, below, ETF for the juniors, gold bugs need the highlighted rising wedge pattern to be negated and thus resolve higher. Select miners are holding up well, as far as the large cap names, while other are still struggling.
Still, if the juniors break higher it is tough to bet against the space, despite how dark of a road they have travelled in recent years and the apparent fork in the road here with the rising wedge.
Elsewhere, BABA is catching the momentum money today on the back of the AAPL news, as the stock could easily see a relief rally into the holiday weekend.