Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Partial position also because I will be away from my computer in about 2 hours for the rest of the day. So far, trading on an inside candle to an inside candle. Don't think that holds up, just hope it's a HH rather than a LL. So far, low is exact test of EMA 4.

My primary goal/wish today is for GDX to close at/above $23.02 to create a bullish engulfing candle on the weekly. Would setup beautifully for next week.

Also, as I said yesterday...4 hour gold chart was frothy and starting to cool a bit. The holiday for US markets on Monday is perfect timing IMO...as it gives the opportunity for that chart to completely reset before we trade again.