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 60 minute Oct 21st
- GDX 5 min 2 Oct 21st