Here’s the 5-min chart I posted late yesterday. I took a small NUGT position early this morning (already nicely in the green) as it does look set up to reach one of my fib targets, however I don’t think this is a place to make large bets either direction. Ideally I’m looking to make a little money on this bounce before closing NUGT and migrating back into DUST. I’m using the weekly charts to guide me on where the risk/reward is best right now and I think it’s getting into a good risk/reward level for establishing new DUST positions. Again, I ideally would like to see GDX run up to $26.20 before reversing in a corrective move for the most of the summer.

NUGT