Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Our favorite garbage is back into trash mode. Constant failures are the norm. I'll tell you one thing, if GDX doesn't get skippy soon...I can actually make an argument for one giant bear flag forming on the daily since the low in early May. Especially with all techs in a bullish formation. A lack of follow-through to the upside in a big way soon unleashes fury to the downside in the coming days/week when those start to roll over.

As for intraday, is it lining up for an instant replay of yesterday? "Coincidentally" shaping up to backtest BO line and 200 MA in the same location here shortly. Does it do that and bounce again like yesterday??

OHHHH...and isn't is just another amazing "coincidence" that it's looking to do all of this in the exact same time periods as yesterday too....LOLOLOL