Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG)

[SgtJBone]

I think I might jump out until Friday. This setup just looks like it has more downside to come. Monday might start the June rally or it might wait until June 1st. Last year the bottom came in on May 31st. Things are a bit different this year than last politically but gold does have in and out seasons that can be charted. Three years in a row the GDXJ started it's climb the first week of June. This year there is no Brexit so I'm not going to be expecting any moves like last summer. I think a good target price for this year on the GDXJ is $42.50 top end, anything more than that would be a welcomed bonus. GL to all.