Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

ALL THAT MADNESS...

Only for Gold to go exactly...nowhere! Yep, 4 hour, perfect doji. Meaning that in spite all the craziness, gold literally is unchanged from this morning. LOL (Again supporting my sentiment that the Fed is just an accelerant for huge ST moves).



Here's what I don't like...
1) GDX blows through rising 50 and flat 200 MA on hourly like they aren't there.
2) Closes back below major TL on hourly
3) Descending EMA 8/13 on hourly once again becoming resistance
4) Failed to get above 50 RSI on daily, for now



Here's what I do like...
1) Filled all lower gaps on intraday & daily charts
2) EMA 4/8 on daily pointing down, but not negative crossed (if this happens again on closing basis, it's going lower)
3) Despite all the hoopla, there was some major buying volume today
4) On daily - Do you see it...do you??? Will it trigger...stay tuned. (HINT: major tech pattern possible)