Wednesday, December 13, 2017 5:04:19 PM
Needless to say, after yesterday's hammer right on 600 MA and a HUUUUGGGGEEEE green candle today confirming (on HUUUUGGGGEEEE volume!)...this is a bullish setup in a big way. RSI took off like a rocket ship out of OS levels, MACD curling and Stochs curling up and still not out of embedded (which means there is plenty of room to run).
You can see we stalled just between EMA 20 and SMA 25...and just shy of middle bolly. Gonna be lots of resistance here given all the MA levels here as well as prior lows that become resistance. Need to get through this mess.
Listen, this breakdown in GDX/NUGT has taken several months so it's not going to be better in a day or even a week or two. We are going to see ups and downs along the way, but I believe if this is "the" turn...the coming weeks/months around here are gonna be awesome! All JMO!
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