NUGT confirmed BUY however the strength of the move suggests one more small move down. Look for a retest with possible lower low around 9.32 (1=5 target). I don’t think it’ll make it that far.

JDST confirmed SELL however the strength of the move suggests one more small move up. Look for a retest of high with possible higher high around the 8.04 target.

GLD is completing an abc pattern down for a B wave. The ‘a’ down has completed, we are in the ‘b’ up now with ‘c’ down to come to complete the B. a=c target would be 100% retrace (around 112.19 if ‘b’ finished) but 62% of that would satisfy the downtrend.  NOTE:  GLD MUST hold above 111.57.

UUP ‘should be’ completing a 4th wave down with one more wave up for the 5. 1=5 target would be around 25.15. The problem with UUP right now is that only 3 waves up have been completed. If our low of 24.79 is going to hold, then UUP should move up from here. If not then the move we’re in is corrective and we have more downside to come. The Dollar must form and hold support at 95 to continue going up!!!