Replies to post #37349 on Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

GDX is also currently battling the 200 SMA on the hourly at $23.85. Need a strong break above that to get moving again. Currently, it appears they will be able to push it lower to the 25/50 SMA region on same chart at 23.70/23.62 respectively.

Assuming we stay above those levels, I project a bullish 50/200 MA cross approx on Wednesday sometime. Not much in the economic news releases this week, so that "should" be ho-hum.

[zambono]

That will probably be the case, we need to keep that depreciation at bay