Loading ...DUST
As GDX and $GOLD hit my potential RES-target today . . . here a re-charted chart for DUST.
The little Green charted cycles predicts the intermediate low is in either today or tomorrow. The Adjusted BLUE FORK give nice fitting but will it be good? I have added a BLACK FORK in relation to the Green cycles.
As mentioned on GDX-post … the BT on the Head (of H&S) from below could take 1-4 months . . . therefore expect volatility on GDX and thus DUST. Could DUST therefore form a price range in a bullish Triangle (see YELLOW Triangle)? Could the BLUE BULL FLAG (on DUST) become a GIANT BEAR FLAG (BLACK FORK on DUST) going forward creating a BULLISH set-up for GDX in the Long Term?
Indeed … lot’s of ‘coulds’ . . . just theorizing ahead. Just Happy charting.
DUST is -2x *GDX
I posted a chart for GDXD recently, the -3x *GDX.
And my remarks with it, that we’re due for a COUNTERTREND bounce.
That aligns with your longer running bull take for GDX.
IMO, a hard pullback then more recovery highs until RISK OFF returns full force.
Ie, VLT PM bulls will likely feel smart, then get their asses whipped by late spring.