Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Welp, my targets for the day were once again dead on. Don't want to jinx myself...but I've been playing NUGT/DUST like a fiddle the last few weeks.

GDX bounced twice at the low of 22.58. That "could" be the re-test of 22.50 we needed...but I'm also prepared for one more drop and pop tomorrow (to test middle bolly).

Gold just printed an inside candle on the hourly at the bottom of a downtrend after filling that gap to 1247.95. That also could be a sign of a reversal.

"IF" (BIG IF)...GDX and Gold run back up soon to test their 50 SMA and 200 SMA respectively...the ABSOLUTELY MUST blow through them like they aren't even there. That would confirm we are moving higher into Wave 3 for both. Fireworks in the weeks ahead for NUGT holders if that comes to fruition IMO. GL!





PS - USD filled the gap from yesterday also and stopped right at the level it was trading at prior to this. Was that a DCB for it or a reversal? I'm saying DCB.