NUGT 10 Min Chart Improving

There may or may not be a pullback in NUGT, if there is, the way things are going now, I'd definitely add and bring NUGT up to a full size position. The only reason NUGT long (trading portfolio) was at a half size spec position was because it looked so good everywhere except the 10 and 15 min charts which were so instrumental in forecasting Gold Miners for us a week ahead of time.

As you know all of the recent GDX/NUGT posts have been centered on the 10 min NUGT chart that had not yet improved, unlike all of the others. Earlier today I saw and posted the first signs of improvement on the timeframe, Quick NUGT Update.

Here's what has happened since... (which is actually quite a bit for a timeframe as long as 10 mins on an intraday basis)

 The earlier improvement didn't have the kind of vertical 3C movement we are seeing now.

There's still work to be done, but at least we are seeing the improvement. I'd consider entering NUGT or rather filling out the position to full size on either a pullback with the 10 min chart in good shape or even NUGT in this general area, maybe even a bit higher with the 10 min chart in good shape, it's really all about the 10 min chart .

Even GDX which had a better looking 10 min chart, but wasn't confirmed with NUGT or the inverse DUST, has seen improvement on the 10 min today.

And as for confirmation, I said I'd need to see it on DUST as well which is the inverse of NUGT so today's leading negative movement in DUST is the confirmation I'm looking for and is actually pretty impressive.