And SVXY Daily finding resistance at the 200 SMA in what appears to be a BEAR flag…
spx
For those who daytrade…Many new faces here…This is a “counter trend” trade; thus, more “dangerous”.
Same principles apply to NUGT…
Sharing an example on what I did on the backtest of DUST 60
Initial entry at 1.90, will add more on 13/34 EMA cross…
dust60
Drew up a 5 minute chart to assist…
Expecting a gap up on Monday with DUST due to the stoch 144 being in the 80 zone denoting strong internal momentum…Pink line is gap fill, this could either be a “bear flag” or continue higher…
dust