DUST 60…
GDX Daily had a strong test and bounce off the 34 EMA–this is what the BULLS want to see in a strong bullish move…
DUST ended at the black trend line today after a gap fill…As a result, I closed my NUGT position entered earlier EOD…
Resistance now support?
The 13 EMA remains above the 34 EMA in bullish mode…
Want to see the price action below the moving averages and of course, the eventual BEAR cross…
I changed the TRIX on the 15 minute NUGT chart from 15,9 to 11,7–a faster, more sensitive setting…
Note how the stoch 144 did NOT validate the TRIX buy signal yesterday by crossing 50…
I entered NUGT today on the “double bottom” with the beautiful positive divergence on the RSI 5 and 14…