NUGT

Instead of 5 charts of each asset (NUGT, GDX and DUST) for the sake of time I tried to mix them all in in different timeframes as there's pretty good confirmation between all 3.

Earlier today I wrote about precious metals (silver and gold) as well as GDX (miners) and showed some of the correlations and differences, not surprisingly, the underlying trade in GLD does not look as good as NUGT. One thing I suspected in the earlier article was that GDX would behave a little more like the market than usual in both shorter and longer term trade, not behave exactly like the market, but less of the typical GLD correlation, the post is here.

 The reversal process is a pre-requisite and there's a decent one here.

 NUGT 30 min

GDX 15 min

DUST is the 3x leveraged inverse or bear ETF of GDX so it should have the opposite signal-negative),  10 min negative

GDX 5 min positive.