This silver juniors etf is also having a good day. What you see on this chart is a classic impulse move with one pattern forming on top of the next. In a strong impulse move you can see up to three and sometimes four small consolidation patterns form before a bigger correction takes place which can be pretty lengthy at times.

The monthly candlestick chart shows the entire history for this etf. There are still two weeks left to trade this month and it would be nice to see a nice big white candlestick form.