Direxion Daily Gold Miners Be (DUST)

[Nightridertwou]

Here is a larger view of the dollar that seems many don't pay attention to and I believe is one of the reasons why certain sectors of the market are able to move strong on: http://static.viame.com/public_files/041116-scn/2016/04/11/bbd4f2fdfedcdcd55d4b38026567fbd0/041116-us-dollar-index-large.png The first layer of support at 93.8 was touched today, and so far has held up as a floor. The fact that we're even testing the support level, however, speaks volumes. The bigger line in the sand is still 93.3, and we've seen both of these floors reverse several downtrends in the recent past. One of these times, though, they're not going to be able to do so. Instead, they're going to fail, let the U.S. Dollar Index break below 93.3, and unleash a technical selloff. It wouldn't be crazy to prepare for that possibility now.