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Try drawing that trend line through the closes. 
Welcome to reverse head and shoulders!
mid-day chart
gold seems to be consolidating for 1750+ move, slight breach of GDXJ trend line today and 5/10 EMAs sloping, my guess a bear trap. will wait for triple top gold before jdst reentry
Triangle in an uptrend yes
I'm on the sideline now, but for all intended purposes, GDXJ triangle formed from a downtrend 3/16 low, hence my I dunno bull/bear comment
if triangle breakout, target (according to literature)is from low of triangle to resistance line, that would add 20 points to GDXJ, anything is possible, my guess choppy sideways trading until gold breaks fibs one way or the other
Have a look at the slow sto on the gold daily!
Now I know we are screwed!
https://www.cnbc.com/2020/05/05/white-house-considers-phasing-out-coronavirus-task-force-source-says.html
You are correct
As well, I corrected the proper trend line from candle low, + resistance line
Which brings a bullish GDXJ Ascending Triangle, with that said, I'll stop out JDST 42.75 - 43.00 and join the miners bull
Log Scale off
Log Scale on
I see a tag on the line
On the bull side, GDXJ is staying above 5 EMA, on the flip, vol is lagging, Staying tight with JDST stop if GDXJ reclaims the line tow
When I draw that trend line I end up with today above the line. 
GDXJ Trend Line
Compliments other diverging indicators, watching for any close above it for stop loss (43.00), however keeping with chart signals for JDST long
GOLD CC
Short term on Gold, not seeing positive indicators. Monday trading expecting Gold to test 1720/30, GDXJ 41.80 based on P&F chart before succumbing to a correction phase in next few weeks, however, not a crash. If SPX starts breaking down, would expect all equity sectors to break down regardless of COMEX. If indicators fail, always possible, and GDXJ reverses to buy zone, then I exit/move on
1. Price failing to push above (5) EMA leading down (blue line)
2. Gold spot printing 3 peak/dome and bearish 'M' pattern
4. MACD cross over sell zone on 4/27
5. RSI diverging
GDXJ P&F chart failed a forming bull pennant flag on 5/1 with break below 40 at open
In terms of other arguments, real money, pandemic, etc. I focus on charts as bedrock for trades, 5 billion opinions in the world : /
JDST holders
Sharing some GDXJ/JDST chart work, 2/3x ETF's notorious for 100+% moves after derivative R/S, couple with possible equities bear market ahead, gold futures chart showing many diverging short term negative signals, I believe a setup is looming for a massive run in JDST, however stop out if new lows, I recommend watching recent Northman Trader videos on youtube for additional perspective on market structures
See negative diverging RSI
$JDST Holding STRONG.
This WILL explode soon..
glta
It will be there briefly after the R/S.
I don't think they kept their promises!
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