Direxion Daily Gold Miners Be (DUST)

[SgtJBone]

The trend line on the GDX for the past five days has been bullish. If it stays above $21.50 on the GDX tomorrow then it's just bad news for DUST. If gold breaks above $1180 tomorrow on gold that's going to be really bad news for DUST. That will be a bullish sign once again for gold. It tried today but got rejected but if it breaks this time around then it's time to jump into NUGT after the FED meeting. Gold will probably have a short pop down but will probably bounce back the next day or so unless they give a forecast that's more hawkish than the market expected. JMO but the charts are telling this story not my personal feelings about gold.