I’ve been long SSO during this grind higher for the SPX, and mentioned I was looking for a spike to 1330. We had that move today with a day high of 1328.3. We’ll see how the index handles that trendline.
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I bought NEM on trendline support of the weekly chart yesterday. The stock was down seven days from it’s last pivot. Quite a reversal today.
XAU is nearing the 200 target I mentioned a few weeks ago.
The 50dma is the target for NUGT gold ETF.
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