My near-term work argues that Newmont Mining (NEM) is on the verge of popping to the upside to extend its recovery rally towards my next optimal target zone of 52.80-53.40.

Mike Paulenoff is a 25-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his E-mini S&P and QQQQ technical analysis and trading alerts. For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary, or try his QQQ Trading Diary.