Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST)

[Sendme]

I agree. It looks like we are still in consolidation mode. I guess the public still needs time to take it all in. The short term charts look like we could see more upside in gold, but the miners don't look like they are buying it since they are slowing down compared to GLD.

JDST still looks like it is in a consolidation pattern.
https://invst.ly/348qz

If GLD doesn't put in a new high we risk seeing a head and shoulders pattern forming. Same with the GDX/GDXJ

https://invst.ly/348t1

GLD still has a couple gaps that could very well get filled. Not saying that it will happen soon, but if we do form a gartley pattern it could be followed by a sell off later. The 60 minute charts are at a critical point of confirming a trend change or not. I kept a little JDST from the low $19 to see if we can hit one of the top trend/resistance lines. I am not the best scalper, holding dry powder to see some bigger breakout up or down.
we hit a small inverted cup and handle pattern target on friday. Still have a bigger one to contend with.
https://invst.ly/348w-