I like the intraday action in GDX and NUGT, however, although there are some signs of the 10 min chart being repaired and of general accumulation of this pullback
which is exactly what we want to see, for now I'm not going to fill out the NUGT long position just yet.
GDX 1 min leading positive and intraday positive.
NUGT 3 min positive
NUGT 5 min positive
GDX 10 min with one of the signals yesterday that told us a pullback was coming today, however it is also showing improvement on the GDX chart, which wasn't even the troublesome one, but I'll take the improvement if I can confirm through DUST and/or NUGT.
This is the 10 min NUGT, not as nice as yesterday's start, but on the pullback we do have intraday migration of the positive divegrence in the 1-5 min range.
As far as confirmation using DUST, the 3x inverse / short GDX (opposite NUGT)...
The 10 min DUST chart also shows improvement, it's a bit slower out on these intermediate timeframe charts, but it is improving with confirmation.
As for NUGT intraday confirmation...
The 1 min negative
The 2 and 3 min are negative
And the 5 min is negative.
As I said, it's not quite enough for me to fill out the partial (half size) trading position in NUGT, but it's a god start.
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