Direxion Daily Gold Miners Be (DUST)

[Nightridertwou]

Well when I look at the year chart the left shoulder goes back to last Dec at the 1055-66 level and the head goes to July 16 at the 1366 level and the right shoulder is at the 1200 level currently and to complete the right would put it back in the 1075-1100 area. The difference so far now is the dollar has crushed the all time highs and if it continues to do so that right shoulder area has a better chance of getting there. I agree right now the resistance is 1200 but if that should break then it will be much easier to complete that possible right shoulder. JMHO