Direxion Daily Junior Gold Miners Index Bull 2X SharesArca
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Just thought I would post this. Today Jnug stopped at exactly the high from a few sessions ago. And there is a little gap below. I am wondering if this will turn out to be a cup and handle formation with Jnug pulling back for the next couple days or so. At least to fill the gap down to $4.31.
but going back to 11/15, don't you also see several cup/handles that failed to produce gains?
SalN
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I don't really see it on 11/15 but I do see an inverted one for the first half of December. What I just posted was just one possibility that could happen in the next couple days that we should be aware of if it starts working out that way. The difference is that today we just broke out of a much longer descending wedge (see purple line)and that is bullish, at least short term. It has been so so difficult to play this lately because it is almost like someone is reading everyone's posts and then manipulating the market into a different direction. So I hate to say it, but it is a best guess as no one has a crystal ball.@SeekingDelta,