Another positive divergence…
which should lead to a bounce to above resistance…
gdx
best guess–trading channel between $20-$27.50
NUGT Update…
Trade GDX if desired…
nugt
When trading this two hour chart, be aware of the stoch back test to trend line breakout. A 1,2,3 move. Note previous break outs. THIS CREATES A POSITIVE DIVERGENCE ON THE RSI 5–A SHAKE OUT BEFORE THE CONTINUED MOVE HIGHER…
GDX 30 MINI IHS AT TREND LINE SUPPORT…
CONFIRMATION IS THE 13/34 EMA BULL CROSS..
gdx