benjihyam

Are miners about to crash? Looks like it to me

Largo
AMEX:DUST   Direxion Daily Gold Miners Index Bear 2X Shares
Dust looks like it's putting in a bottom to me. Also, there's a big falling wedge forming.

If we see a breakout of this pattern (which I think will materialize over the next week or so), I think we'll see a sharp move higher in $DUST and miners should fall quickly.

I'd be targeting the $17 resistance level as the target. Let's see what happens over the next few weeks.

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