AMEX:DUST   DIREXION DAILY GOLD MINERS INDEX BEAR 3X SHARES
454 4 23
Gold             seems to be starting its 4-6 weeks decline into the DCL.
If it is then DUST will have the chance to produce it's bounce to the upside in the following few days.

Watching the volume I'm quite sure that few big players had already positioned in this vehicle.
It's a good risk/reward : if we just fill the gap it's 120%.

I'm not going to hold this position more than 2-3 weeks, time will be very important in this trade.
I got myself into DUST prior to FOMC (and again, and again) betting on the market reacting to rate increase speculation for the year. It hasn't gone as planned... yet. I would appreciate any future analysis you can provide on this idea. I very much appreciation your analysis, sir. Thank you.
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I will post updates.
I'm also long in DUST.
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matchpilot chartwatchers
Thanks for the post. What is your Stop Loss?
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I don't have stop loss at this trade. I opened a smaller position. If DUST goes down to 1 then I close the position.
Otherwise I'm going to hold it for 2-3 weeks or till the gap closing.
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