NUGT/DUST 60 Update…
NUGT…
Watch the RSI trend lines–a breach is bearish
Trend line is strong with two hits–build another flag before a third attempt?
I am out of JNUG/NUGT today…
DUST…
Positive divergences with a hit of trend line/TARGET marked several days ago…
Again, another BEAR flag to be formed?
I did enter DUST last minutes of the day for a possible counter trend trade…
JNUG 2 hour had a bearish engulfing candle to end the day…
Thanks Eagle. You might have nailed that bottom line in dust. I was tracking it from when you posted it a few days ago.
GDXJ daily could/has not breached the 50 SMA…If this does not get moving, the GDXJ chart I shared earlier with the potential bear flag could come to fruition. You are right, this could become a DUST trade…