NUGT Update
After trading this a few years, I’ve learned NOT to trade it when the MACD is in the “NO TRADE ZONE”… The RSI(5) is a little tricky (ie, count dependent) but generally when it falls between 20-30 expect lower… Note also that the ULT leading indicator is pointed down…. More sideways to down pricing expected…. I’m still hopeful in that the EWO is near perfect….
Since DUST is still parabolic; a counter trend vehicle will have “distorted” signals. We all knew this would be very difficult trading. AS LONG AS THE 13 MOVING AVERAGE STAYS ABOVE 34 MA ON THE 60 MINUTE DUST-THE TREND IS DUST IMO…
Approaching gap fill on NUGT 15
Welcome to Wave 4 trading!!!!