Replies to post #37101 on Direxion Daily Gold Miners Bull 2X (NUGT)

[Citrati]

Nice visual. Thanks for the chart.

[weazelboy]

Yes, but there is still room to push it all the way down to 1236-1240 range. Not to mention, "bull markets" should not bust down through rising 50 and 200 SMA's with the greatest of ease. Already done it on the 50...200 on deck...

Just look at the rising 50 SMA on any index chart. The moment it gets to that level it rockets to new highs almost immediately over the last few years.