Direxion Daily Gold Miners Be (DUST)

[Sgreg]

GDX has 5 gap ups that have not filled. Today's then at 20.23, then 17ish then 15.5ish then 13.5ish. At minimum I'd expect the top two to get filled so GDX 22.70-20.23=2.47 or 10.9% move down. Multiply by 3 and that would be 32.6% then times DUST at 2.11 equals 69 cents and add to 2.11 gives pps of DUST about 2.80.

I think that is minimum. I also think GDX falls to 18.5 once it finally has a correction. Using same math that would put DUST at 3.28 or so.

GDX could correct lower then that but for me I'll probably take my winnings.

Once GDX begins to correct I look for 2.80 in DUST and then possibly 3.28 after.