Replies to post #5289 on Direxion Daily Junior Gold Miners Index Bear 3X Sh (JDST)

[Sendme]

That was a pretty brutal move. Looks like they are trading the channel.

[Sendme]

Did JDST go off the grid, almost 2 months and no posts. LOL
I have to say that the MA's on the weekly are lining up sequentially which IMHO is giving gold an opportunity to finally start a nice bull run this summer. 1350 is about the top of the current channel and a fib .382 pullback would put it close to 1300.

And as usual GDXJ is lagging gold. I'm thinking that we might see a pullback in gold and then GDXJ may fall down to the purple 200 MA on the 60 minute chart as it seems to respect that the most often. Then I just may have to go long JNUG.

What are your thoughts my friend?


Maybe support around 33.50ish