Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Also of importance on that chart...

We are only a few days away from a negative 50/200 MA cross unless GDX moves promptly higher above that level. The range is compressing further and further by the day. We are going to see fireworks in one direction or the other. For my sake, I'm hoping it's higher!

And yes, that line is of huge importance. I'm still thinking there is a possibility of a false breakdown below it, but we'll see.