Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST)

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Does the Elliot wave suggest a pullback soon?
A lot of the short term charts are pointing towards 1275 gold. It almost looks like the miners want to stay in the channel, JDST is starting to build a nice stairstep up like JNUG did on that last consolidation. I am waiting to see if it makes it back down to test the bottom of the channel one more time. Any thoughts on this?

1275ish should also match the size of the first leg. The monthly gold suggests 1300 eventually, but even at 1275 we will start extending above all the MA's on the weekly chart.

I kind of see a correction off of 1275 and then a move back to 1300. All while the miners stay inside the channel, and then after the 1300 the miners might make a bigger move outside the channel one way or another.
With gold moving $20+ in a day, it could do that all next week.

Not to mention that the dollar is still bouncing off the 100 MA on the 4 hour chart.


30 minute JDST
https://invst.ly/3c3h5

4 hour gold chart from yesterday, we hit the 1260 goal. We could easily be at the 1275-1280 in a day or two.
https://invst.ly/3bvf0


gold weekly
https://invst.ly/3c3e0

4 hour dollar chart
https://invst.ly/3c3ov