Replies to post #10362 on Direxion Daily Gold Miners Be (DUST)

[fitzwell11]

I'm sensing the same thing. I started adding Friday, but I'll be comfortable to end up averaged in mid-$6s. I think we see a big bounce here. A morning gap up would be a third candle completely outside of the Bollinger Bands on the GDX daily chart and would set up for a fantastic pullback zone. We also have the FOMC June meeting minutes released at 2 PM EST which could very well be the perfect pivot event to send GDX tumbling back down into the next couple of days. Best of luck to us both.