Direxion Daily Gold Miners Bull 2X (NUGT)

[Citrati]

Given the recent days action you can see the bb #'s. Yes they coincide.
Of interest to me also is the wedge/triangle formed by the price labels extended out into the space.
We hit the top line again but couldn't break it. Price is still stuck below the strongest VbP support/resistance bar.
If one draws the lower trend line from 33.56 then we have a down trend channel of almost 2 weeks.
Scalps only for me until I see if the channel prevails or the wedge with a b/o up.
That's my story. for now.

GDX chart has more strength at the moment and as WB often shows may be the leader this time as well. So don't leave out the GDX #'s. GDX still wants to break the NUGT wedge to the upside hence my scalp attempts for now.



Thats my tea leaf reading. Not even 2cents worth so I leave it here for free.
Green Trades.