Jump to content



Photo

NUGT's ADX: next move could be a long one


  • Please log in to reply
1 reply to this topic

#1 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 24,403 posts

Posted 03 July 2017 - 08:36 AM

NUGT's long term chart bounced "where it had to", but faltered badly last week.

Check out the daily ADX. Low readings indicate a possible long move ahead...but which way?

There seems to be a downward channel forming as seen on the WEAK-ly

 



#2 Russ

Russ

    Member

  • Traders-Talk User
  • 4,977 posts

Posted 05 July 2017 - 02:48 PM

GDX already broke it's long term support line from early 2016 and is now trying to get back above that line.


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/