Loading ...DUST Daily…One more chart…
Monitor the DUST 15 potential IHS I posted earlier…
BECAUSE this back test needs to fail for the BULLS…
FGC got me looking at my dollar charts…
This would support a successful back test on DUST Daily…
AARGH! If so, the open on Monday could be our high for the day on NUGT…
The USD chart is hitting resistance on the 13 EMA and the trend line which was resistance on Thursday with a “spinning top” which can portend a change in direction…However, indicators are certainly turning up in BULL fashion…
TOO CLOSE TO CALL…
I put a link in an earlier post about GDX, if I am right we could very well see the bottom rail breached to the upside on GDX which would correspond with the top rail of the wedge for DUST. The only reason I say this is because the 45 degree angle from the bottom price point is the prime spot to repel price and it is located in the wedge. This is all conjecture from past observations.