Direxion Daily Gold Miners Be (DUST)

[str8_chuter]

GDX continues to exhibit weakness. On the daily chart, pay attention to the CCI. Has not been able to get back above the zero line for two months now. Strong resistance there.

But look at the long-term GDX chart and note the MACD. Rolling over. GDX looking like it wants to be a teen again.

DUST surrendered its 50% retrace from the nearly $18 move off the late August low (at $15.11). Time to begin the next leg upward.