The GDXJ/GDX ratio may have created a bullish inverse head & shoulders pattern over the past year.

Of late the ratio could be forming a bullish falling wedge. Two thirds of the time this pattern leads to higher prices.

If the ratio would breakout, it would be a good sign for senior and junior miners. Keep a close eye on this index in the next few weeks because where this pattern heads from here should be important for big and small miners.

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past