Direxion Daily Junior Gold Miners Index Bull 2X SharesArca
Description
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Near 3 standard deviations on the 20 day Bollinger Band, in a 10.11. Will Wait for it to top out at the other end in a few weeks
Comments
GorjWarnok
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so far ~ so good... reaching trendline resistance from recent tops... as anyone can see
LuckyDinAZ
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Right, should be interesting to see how strong they are and if the price can break them or not. Yesterday GOLD wasn't able to break above the 1277 level, and has moved down to prior support. Currently leaning towards it testing the same level again within a day or two with continued upward movement in JNUG and NUGT. Will stay long GOLD manages to break 1277, and may reverse the position if it looks like it has been confirmed that it is not able to do so.