Direxion Daily Gold Miners Bull 2X (NUGT)

[Citrati]

Due to decay, I am not a fan of LT holding of 3X etf's unless during an obvious trend.
That bias combined with the uncertainty at present still has me on the sidelines.

On the GDX daily, price closed above the steeper uptrend line, but the candle lacks conviction.
Of note to me on the 5minute 5day is the volume end of day. Last 5 minutes of Mon, Thurs and Fri was swamped with volume and predominantly green. Wed also showed buy strength end of day though significantly less. Does that favor up next week? Don't know. Daily still has 200day support which is positive.

Direction still not revealed for Monday and next week IMO, so I sat on my thumbs again.

Have a great weekend everyone and much Green next week, whether here or elsewhere.