Replies to post #13008 on Direxion Daily Gold Miners Be (DUST)

[str8_chuter]

Well there goes 18.15 support for GDX. That went quickly.

No real support underneath until the 16's. Perhaps some psychological support at 18 for bottom fishers so always a chance for a late day stick save. Likely doesn't much matter over the intermediate term though. The chart is just much too weak and the $GOLD chart has some catching down to do with GDX yet.