Direxion Daily Junior Gold Miners Index Bull 2X SharesArca
Description
⋅
JNUG has been making lower lows for the past 3 months but a support has revealed itself at about $54. At the end of the wedge is a possible breakout which is most likely to be a bull run based off of the last breakout about 5 months ago.
JNUG seems to hit a yearly low around this time, do you think that's a factor? I was going to pick up some more calls for December because I had the same thoughts as your chart, but I don't know now? Dang it.