Replies to post #43479 on Direxion Daily Gold Miners Bull 2X (NUGT)

[Citrati]

I would prefer a little sideways action and setting the 50day as support while the indicators cool a little. Especially the stoch. Then set the 100day as support with a test of 1324.5. The fib pivot 2 at 1318.36 would do nicely but my preference is to test that 1324.5.
A one month cup with handle from that 1314.7 would do the trick nicely IMO. :-)