Replies to post #25200 on Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Yep! And I think this is a suckers rally IMO. Check this out, Dow has struggled with 50 SMA for months and now in one swoop rallies from well below it and breaks it in one day??? LOL.

Also, this happens to be roughly the exact level of the descending trend line too.