Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

This slam was foreshadowed shortly after open when MM AMEX put up a 559,000 share ASK at 19.80 (current HOD) on GDX to halt the progress. Anytime I've ever seen an atypical sized ASK like that, it's typically a sign of a pending slam.

Thus far, GDX stopped at 19.41 which is just above the prior low of 19.38 before last leg started yesterday afternoon. Should that remain as the low and a HL of last leg...a print of $20.00 by EOD should be in the cards. If that low breaks, it negates pattern.

Volume is absolutely massive again too.

PS- all this action thus far has done is get the price back inside either the bolly's or Kelt's on various TF's. Ideally price pauses/consolidates and rips higher into EOD. All JMO.