Direxion Daily Gold Miners Be (DUST)

[Sgreg]

I see GDX going to $27 area, maybe as high as $28 something like that. In the charts there is an area of 26-28 that was major support in the past and then resistance. This will take DUST to maybe 1.10 or something like that. From there just before the R/S I think DUST could get back to 1.40 to 1.60. Then post split from $15 area or so to $25 or so. Which would be 2.50 pre-split price.

I have just seen this similar movie in others a couple of times before already this year.

That is my intermediate view. In the short term there will probably be a short 1 to 2 day pullback in GDX as its RSI is 74 and fast sto is 100! After that 1 to 2 day pullback I expect GDX to push to $27. From there my intermediate opinion will come into play.