GDX / NUGT

There are at least 7 different assets I use to confirm GDX, multiplied by 7 timeframes for each so I can't write an entire post here, I think you remember the UGLD 50% position and my desire to add NUGT for the other 50%. I believe today was a head fake move in GLD and likely GDX as they are so closely correlated and as you may recall, we see head fake moves about 80% of the time before a reversal in any timeframe and almost any asset. We want to confirm a head fake move and if confirmed, these are some of the best entries so while it looks like a strange place to be buying, it should be a excellent, low risk entry.

First GLD's probable head fake move...

 GLD likely stop run...

Accumulation of stops hit today on large volume in GLD

 GDX'x expected pullback with a continuing leading 60 min chart, hard to believe, but there's confirmation.

The GDX 30 min chart doing the same.

GDX 15 min positive

GDX 10 min positive

Very intense GDX 5 min positive

And very intense leading positive 1 min GDX

The 3x long, NUGT 5 min leading positive

1 min leading positive, a good timing timeframe

I like to use the inverse leveraged ETFs as they give faster, stronger signals, This is DUST, 3x short GDX, the 60 min chart is confirming GDX's 60 min
'

 As is DUST's 30 min

 DUST 15 min negative

Sharp DUST 5 min leading negative

DUST 3 min negative

GDXJ is junior goldminers...

 15 min positive

1 min leading positive

JDST 3x short junior GM's, 3 min sharp leading negative

 JNUG, 3x long junior GM's, 15 min leading positive

1 min leading positive. Lots of confirmation in many timeframes, but a very sharp move today on a probable head fake move.