Direxion Daily Gold Miners Be (DUST)

[Sgreg]

Yea shocking lol. As expected, anyway we need to see GDX break down below this support as you stated. Then I have my eyes on those two recent gap ups that will want to fill. That would take GDX down to 20.23.

From there it depends on gold. The pumpers have told the world that gold will be over $1300. Gold had better do so and within a month I'd estimate. If it doesn't then there is another gap up which has not filled at just over 17 bucks. It is a tiny gap of only 4 cents or something but a gap is a gap. I bet that one would fill also if gold doesn't do what the pumpers promised and get up and over $1300.

There are are two more at 15.5ish and 13.5ish but those getting filled are way out past my time horizon so I'm not concentrating on those, but they are there. For 15.5 to fill gold would have to go back down to 1100s IMO. Like I said I will not be looking for those two bottom gaps, past my time horizon.

Once DUST and JDST relieve their pinch I will be done flipping here. GDX filling the gap at 17 would absolutely give DUST a good enough run to relieve the pinch it has. GDX filling that 17 gap I think could take awhile but it will happen if what pumpers in TV media/websites/articles/social media promised doesn't come to fruition.