Replies to post #16081 on Direxion Daily Junior Gold Miners Index Bull 2X Sh (JNUG)

[BAMF1984]

I expect JNUG to be hovering around $5 by the time October gets here.

[THREE-DAY-TRADER]

This is a tough environment to try to time $JNUG which I was mainly emphasizing last week on Sept 7, & even a worse environment in addition to that if it trades sideways for a while (based on the GDXJ index fund).
$JNUG is at a new low today mainly because of the 3x leveraged decay resulting from recent continuous sideways movement.
I did state "$JNUG may be due technically for a short term pop fairly soon", but I was mainly pointing out how precarious & riskier than usual it is now to attempt to time a trade on $JNUG (despite that it may be technically over due for a reversal) given the market circumstances such as the Resilient $USD.

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(Friday, Sept 7)