Direxion Daily Gold Miners Be (DUST)

[mannken]

Nice trade

Still watching technical's, but do think we're within a day or two of a turning point, one way or the other.

I think Nugt still has another 1-2 days of push, based on RSI, FastSto & 50/200 crossover

If $50 handle on Nugt is tested and pushed off as resistance, then will start entering Dust, hopefully with a 13 handle.

If $50 on Nugt is a walk-thru, then sidelining again for a wash out bottom on Dust, which is plausible, since the 50/200 crossover has already held on Nugt for several days, then I will be looking for 12 handle on Dust to long.


GLTA