Replies to post #7190 on Direxion Daily Gold Miners Be (DUST)

[RainerRocks]

If we can't break down and thru this level at 22.25 and stay below it( huge support there) GDX might sail right back up to 22.43-22.53 area tomorrow.

If we do crash down thru 22.25 it will go straight to 21.48 and DUST will run to 2.55 easy.

After 21.48 next gap down is at 20.83 next 20.28 next 19.51

Look at your 30 min 20day chart for both. You can see this very clearly.


That being said, I'm not 100% sold on this reversal just yet.All depends upon if we smash down thru 22.25 like dead weight.