Replies to post #44215 on Direxion Daily Gold Miners Bull 2X (NUGT)

[ReservedRisk]

$NUGT Short term the miners need a healthy pullback or the chart will look ridiculous and bring volatility.

Hoping for one sooner then later..

After that a bounce off the 50dma or major trend supports need to hold.(betting they will)

Rate cut(s) set the table for the uptrend support.

Ps-Near term there will be an opportunity to sell higher after a bounce and possible break of resistance to the upside imo.

Play according.