The bottom of Tuesday’s gap lines up with this 15.72 support level that I’ve posted on this 60-minute chart since Friday. I plan to add to the NUGT long bounce trade here with a stop somewhat below for a quick bounce trade (likely to be closed within hours) & I plan to buy back the DUST shares closed at the top of that gap earlier today for the next leg down, assuming the expected bounce plays out.
GDX Approaching Bottom Of Gap Support, Bounce Still Likely
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