Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Nope. Black candle confirmed downward, with gap back into wedge and techs beginning to curl towards negative again.

Guessing folks aren't feeling quite as 'lucky' this morning. Can't say I didn't warn you...

PS- no surprises because A) it's NUGT and B) it's Fed week. Shenanigans aplenty and a perfect setup for the slam into Fed. I'll be shocked if NUGT doesn't hit that 200 MA at some point between now and Wednesday (even if on initial Fed announcement move). JMO.

PSS- If you're holding, you gotta hope (not a good strategy) this is a shake before a whipsaw higher. EMA 4 has not negatively crossed EMA 8 as of this post.