moneyflow_trader

Multiple bear flags present target 7.70 neckline

Short
BATS:DUST   Direxion Daily Gold Miners Index Bear 2X Shares
DUST Gold 3x bear etf has multiple bear flags present on this chart, there's a smaller bear flag/rounding top inside the larger bear flag. In fact, there's an apex of the triangle present as well. 1hr/2hr are overbought. In addition, DUST has failed to take out the premarket high from Yesterday, and it's failed to also recapture or retest today's intraday high. I'm short from $8.41, if gold can retest 2305-2308 that would signal a breakout and retest of NFP high of 2320.. I'm monitoring the last 15min of the close very carefully. DUST , premarket low was 7.96, and it open at the 8.03 area. 7.70 dust price puts spot gold above 2350-2360 range...
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