Direxion Daily Gold Miners Index Bull 2XSharesArca
Description
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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.