Direxion Daily Gold Miners Bull 2X (NUGT)

[Watchtower]

MACD divergence with crossover more evident in HUI.. that with bullish wedge offer contrarian signal and confirmation pending with short-term DT breached. The macro factors have been coalescing as well with tradelines established bypassing the dollar, the opening of Shanghai gold exchange, gold season etc. Also the false break below wedge created a mini inverse H/S in and of itself. Not discounting anything that the complex may do to counter and suppress the move, crooked disparity from true supply/demand dynamics.. we shall see..