Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Once again, not much movement in GDX/NUGT...especially with special leverage that only moved it less than 2x GDX.

Regardless of how tomorrow unfolds, the pattern formed on the GC daily today is a bullish harami. GC must move higher to confirm, so I'm guessing it will go down to not confirm...since that seems to be the pattern of late (setup a breakout/breakdown pattern and then flip it the following day...back and forth).



Also, USDJPY continues to hug that line like a chubby kid and his cake...as dollar bulls fight to keep their chances alive.



Both of these are going to have huge moves tomorrow on Fed minutes ESPECIALLY since the market won't be that liquid with light trading and very little traders in advance of the holiday.

Lastly, GDX with the bullish close back above 500 MA and EMA 4 & 8. That means diddly squat the last few weeks, so not looking much further into it at this point. We'll see what tomorrow holds. GL!