Quick trade idea here.
The 30-minute chart for NUGT, the triple-levered long ETF for the gold miners, shows a gap-fill up to the $6.08 area dating back to Monday.
After that target had been acquired, price then consolidated and currently continues to do so, as you might expect a pause.
Into the rest of today’s session and tomorrow, a move back above $6.10 could easily usher in another push higher for the miners as the initial gap-fill and overhead supply (resistance, trapped buyers now getting out of the way, and presumably stronger hands stepping in) has been worked off.
What are you looking at this afternoon?
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stalking epam, earnings tonite ?
Love that company, I think earnings soon.
STAA
Good chart
PVG