NUGT 15 Premarket Update…
Futures tell us NUGT will continue to drop and DUST move up…
This move in DUST should be short lived IF the first target in NUGT holds…
NUGT should reach her target coinciding roughly with Graddhy’s USD back test targets…
Note the orange box–1/2 gap to the solid black line is my first target…
NUGT 60 also has lower targets IF this first target fails, which would bring the GDX Daily price closer to the 34 EMA. Again, I emphasize, BULLS want to see the price action remain above the 34 EMA on daily GDX…
Note the trend lines on NUGT 60…
I will attempt intraday updates, but I must admit, my trading suffers when I over extend myself…
Ideally, a RSI positive divergence AND TRIX BULL cross needs to develop at any area of potential support to give us a bottom/entry point in NUGT…
DUST 15…