Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG)

[StockItOut]

I get it, make sense, is reasonable. White soldiers pattern references trend reversal which is not the case here, but with one more strong week I get your point in particular on the bollys.

Also, to counter argue, there is the potential to go wild and higher first, in particular with Silver, as main street is getting on board, and the entire globe participates. Manic phase could indeed go manic short term.

But seems more likely a correction first. Sentiment is super bullish. Dollar sentiment is nasty and likely to bounce here. Gold and Silver are waaayyy above their 50 and 200 mvas.

Yet that monthly is strong such that even a bullish pause for one month will maintain the monthly momentum.