DUST looks like it’s hanging on for dear life at a 1.79 midpoint support, but if this Hidden Pivot gives way, that would imply more slippage to at least p2=1.44, or perhaps even D=1.08. The implication for mining stocks would be quite bullish, since this vehicle correlates inversely and in a 3x ratio to component stocks. Under the circumstances, I’ll suggest ‘mechanically’ shorting a rally back up to p=1.79 if it is decisively penetrated to the downside. _______ UPDATE (April 25, 11:44 p.m. ET): No decisive penetration and therefore no trade. Cancel the order for now.
