GDX / DUST

So far I'm happy with DUST's performance this morning, Friday I showed an addendum chart to a previous DUST post basically this chart pointed out what I consider to be a well formed, symmetrical base in DUST, however the support line was pretty obvious and what generally happens with obvious support/resistance as well as just before a reversal move? Here's the chart from the post above.

The negative in DUST is there , as is the relative positive, it's the leading positive in a flat base that is attractive, but these flat bases invite stop runs, this seems to be the fastest way to accumulate shares without the retail crowd driving price up as they never think, "Who bought those shares?" Obviously not more retail... This is one of the reasons I think this type of head fake move is so prevalent before reversals.

 And you can see the volume or supply created when support is taken out as traders have a bad habit of putting stops in VERY obvious places, Wall St. can see them all any way, but if your stop is off further out with 10 others and there's 1000 just a few percent lower, what's the chances of yours getting hit on a stop run? Not that good.

DUST showed good volume moving through resistance just a few minutes ago.

The 1 min intraday is one of the few charts that didn't have this mushy character seen throughout the rest of the market.

And the longer term 15 min chart is why I chose to go with an ETF (equity) rather than an option as I feel I can ride out a trend with an equity position over an options posiiton over a longer period.

GDX would have a similar head fake move, but this would be more of a bull trap.

The 15 min chart here looks as it should, the opposite of DUST's and the clear range makes an upside move worth the time.