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

[Qone0]

I'm looking at the previous weekly lower Bollinger 2 period touches. It likes to bounce off the band. Should generate a bounce to the 32 to 33 area.

The first touch is the biggest bounce as hope is still alive. Its going to be interesting, to see if the Elliot count is right or the time fib count is right on gold. As they are arguing with each other.

The Elliot count has gold going to 1500 still. The time fib has gold going into the 900's reversing the down trend the week of July 17th.