01 July 2016 at 5:55 GMT
The GDX:arcx finally managed to break higher and is now homing in on a key inflection date on July 10. At this point in time we will have strong alignments for an end to this first swing higher of the new bull market or at least pro-longed bear market rally. However before conclusions can be drawn, obviously price need to move higher into the cycle date. As long as price is contained above $26 key odds are we keep moving higher. From here resistance is found at $28 and then at $30 and $31.