Direxion Daily Gold Miners Be (DUST)

[Bullsonmonday]

Thanks for the kind words Rainer. Accum/dist is very real and very important-- invaluable for reversal confirmation. We aren't at the tipping point of a correction quite yet but big funds are certainly in a distribution phase right now. I'm looking for a weak move back up to 2270 levels, tap on 70 RSI (or close), and neutral MACD. Good possibility that that will set off a correction down to 2210-2200 on the SP. Sorry to ramble but I'm pretty excited about what seems to be unraveling right now...

Also, I'm not long gold per se, sorry for any miscommunication on my part, for the LT I am very much bullish USD. I just think that there is a strong possibility for a sizeable bounce in gold towards the end of this month. If I'm right, NUGT could bounce off a higher bottom or, best case scenario, bounce just above $6 bottom from mid-December. I'm not in DUST or N*GT yet but I am watching both charts closely, as well as commodity futures, and major indices. I'll jump in when I see it :-P

GLTY as well sir and best of trading to you in 2017!