Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Still following the script I've been laying out. Tomorrow should be a gap fill and test of the middle bolly (which appear to be somewhat lining up for tomorrow). From there will depend on how GDX reacts at that level. Does it hold or does it want a deeper pullback to lower bolly's? This same concept still applies to Gold too.

Tech's still rolling over and close below falling EMA 4/8. Not sure tomorrow is necessarily a down day, think it may just hit levels mentioned above and then recover slightly to test the EMA's. Although the exact LOD today aligns with the rising TL from 21.10 through last weeks low. Below current levels could get nasty.

Of course, if the government really does shut down tomorrow...that could change things, but I find it unlikely politicians want that chaos thrown on their plate. It's all posturing IMO.