Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Well, I'll be damned...they just let GDX close above a major moving average on the 30 min and hourly intraday for the first time since period 1 on Monday. Could it be??? Let's see if it can build on that. Approaching decline 200 MA on the hourly which was been MAJOR resistance for over a month.

And yes, GDX chart is looking good...so far. Need to see some volume though. Notice how they got the MACD to fake a bearish crossover out of the gate this morning...and now it's a direct bounce higher.