Replies to post #38813 on Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Gold bouncing and not cooperating for us...boo! :-)

Not chasing tho, as GDX still is riding the EMA 8 straight down on the hourly. That line should be at about 21.88ish on the open. Maybe a close above that line for 2 consecutive periods will get me to chase.

Still prefer the flush as it has to hit that rising trend line to test it...or any bounce is coming right back to it.