Replies to post #8907 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[Qone0]

I agree the patterns are the same, just not the price at support and resistance.

Right now GDXJ is fighting to get through early Oct. support that is now resistance. This is why it setup its stair here.

Oct 7th GDXJ 36.95
Oct 7th JNUG 9.50
Oct 7th JDST 38

Friday top of candle GDXJ 36.76
JNUG 6.87
JDST 13.84


There is no way to see support resistance levels with the 3x's because of the NAV burn. And NAV burns every time that GDXJ goes up and down from day to day.