Direxion Daily Gold Miners Index Bear 2X SharesArca
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DUST did some nice work today on this 15 min chart. Held longer term FIB at the golden pocket and the shorter term Fib at .50 with what appears to be a W bottom. Take a glance at the daily chart volume and the pick up in buying volume. Still think miners are overbought and need a little more time in the penalty box. GDX definitely doing some consolidating before the next leg up. Not sure how much higher the general market can go either without a breather. I think miners follow equity down for a little bit. I can feel it in my bones and hope I'm not fibbing.