AMEX:NUGT   Direxion Daily Gold Miners Index Bull 2XShares
0
NUGT descending wedge dating back to Dec 2013. Looking for break out of resistance due to inverse ETF JDST and candle stick pattern. JDST looks short after a bounce off support last week into three white soldiers. Today 12/24's candle engulfed red on JDST. On the other hand, NUGT opened higher and closed higher after an inverted hammer yesterday 12/23 which came after a gap down 15.22% red day on 12/22. If on Friday 12/26 NUGT opens higher, it will most likely close higher.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.