7878max

Will bear miners form a J-hook?

Long
7878max Updated   
AMEX:DUST   Direxion Daily Gold Miners Index Bear 2X Shares
Basic idea with a possible J-hook forming. I like Dust's bottom curve formation and the fact that it gaped bull 3 days ago. Stop is the gap area.

This idea breaks if Dust fills the gap, can't stay above the 10EMA and it loses it's curve like feature turning into a J shape.

The markets are wild so you need to make your own calls. Market forecasts (charts) are best guesses and not investment advice.
Trade active:
I also like that the 3ema and 10 ema crossed.
Trade active:
Could see some bear selling, but needs to close above 10ema.
Trade active:
Gold rocked, but miners didn't keep up??? Dust should have sank to 25ish, but didn't. The curve is broken, but a shot up could keep the J-hook in place. Filled the gap today. This needs to stay above $29.

Today made no sense and it makes trading confusing. I know miners aren't exactly gold, so you have to chart what you see in the miners only.
Trade closed: stop reached:
Stop will trigger today.
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