Sometimes looking at an inverse etf can give you alittle boost of confidence when the chips are down. I follow DUST which is a 2 x gold miners bear etf. Last week we broke the neckline of a beautiful H&S top pattern. Today’s action took DUST all the way up to the neckline for it’s backtest while the HUI and other PM indexes were backtesting their neckline from the topside. If the precious metals indexes can hold onto their rebound, into the close, there should be a nice long tail on the daily bar.

DUST daily H&S backtest to the neckline.