Direxion Daily Gold Miners Index Bull 2XSharesArca
Description
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Just an idea. A daily strategy for inverse ETFs. Usually trade only two pairs on the hourly chart at any given time. This is the daily. On the hourly I get, let's say trades of 12% 17% (x2 the daily increase or decrease). Fairly good entry and exit points. A little freaky on the SPY, prefer to use TECL/S (3x) or DUST/NUGT (2x).
The white arrow was not a trade, only a "could-have-been" trade. But due to volatility and other potential effects ... this may be a good time to enter a long trade on DUST? I'll be looking at other factors over the weekend and watching the Laguerre and the RSI before I get in.