Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Well, that sucked. Worst possible candle to post after breaking out of long-term resistance. Now, right back down to it and in danger of falling right back into channel. Hopefully we'll see a recovery from here so it doesn't completely blow the chart away.



Once again another market day full of bizarro world. There was literally no reason for the markets to take off like they did today. Notice how VIX actually increased while the market was going higher. Divergence...tells me the move may be fake.

Also, really disappointed in how Gold traded today, Essentially lost all of the early day gain. Although, did hold up well considering how well the market performed. And once again, USD was down too which should have given a bit of a boost. I can't tell if this is a bull flag or not...