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DUST: Looks To Continue The Trend

The pre-market post indicated that the Market Vectors Daily Gold Miner ETF (NYSEARCA:GDX) was at a confluence of resistance.

This morning's action in both GDX and the Direxion Daily Gold Miner Bear 3X ETF (NYSEARCA:DUST) indicate that the test may be complete and that DUST is now continuing its up-trend.

At this point, just 12-minutes into the day, DUST is rising briskly.

This ease of movement indicates that the test is complete.

DUST Daily Chart

Chart by TeleChart

Disclosure: I am long DUST.

Stocks: DUST