If you're taking a long on the gold, better take it leveraged.I would say if there is a way to take a long setup this would be a good one because it's triple leveraged micro gold miners so it will move faster better and if it moves the direction it should move I would say the entry should be slightly lower let it do a shakeout during the day and go up because there is I guess a volume profile there that gets supported that would be a good effective response from that level and so you can put the stop underneath in the middle of the range and then keep it g
MicroSectors -3x Short Brazil ETNs
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GDXU Breaks Trendline – Is a New Bull Cycle Beginning?🚀 GDXU Breaks Trendline – Is a New Bull Cycle Beginning?
After months of relentless selling pressure, GDXU (MicroSectors Gold Miners 3X Leveraged ETN) has finally shown its first meaningful shift in market structure. Price has broken above the long-term descending trendline after defending a major daily demand zone, suggesting buyers are stepping back into the market.
The recent explosive rally confirms strong momentum, but after such an aggressive move, patience may offer better entries than
Still believe in big tech? Short $FNGDThe tech sell-off may not be done yet, but if you're starting to think about how to play it, I've got a setup for you to consider -- short $FNGD.
This is part of a theme I trade which roughly to short leveraged ETFs to capitalize on the underlying decay .
As you can see on the left chart here, a monthly chart, AMEX:FNGD goes down over time. That's because the stocks it bets against go up over time, and it suffers from rebalancing like all leveraged ETFs.
The instrument is up something like
GDXU (MicroSectors Gold Miners 3x Leveraged ETN) Long
Asset: GDXU (Gold Miners 3x Leveraged ETN)
Timeframe: 30-min Heikin Ashi
Bias: Bullish continuation from fresh demand zone
Entry Zone: Around 207–208
Stop Loss: 184.71
Take Profit: 276.96
RRR (Risk/Reward): ~3.0
Target Gain: +33.17%
Potential Drawdown: -11.07%
Trend: Strong bullish structure inside rising parallel channel.
Demand Zones: Multiple stacked zones respected, especially the 187–203 region with a sharp V-reversal.
Support/EMA Confluence:
Rebounded off 200 EMA and demand zo
SHORT: Short term GDXU 2X pull back, is it now time to go GDXDI've laid out the major run ups and pull backs. The last 3 run ups have lasted 219 - 237 days. If the last peak was put in by GDXU it would put it at 225 days. I'm looking at this as a potential repeating pattern. Note the GDXU run ups based on a % gain from the bottom, assuming, the most recent peak was the final high in this run up. The run ups were +241%, +270%, and +279%. The run up also reasonable for the peak.
Big question, what about the draw downs. The last 2 have been -54%, -42%, and
GDXU (Gold Miners 3x Bull ETF) Long SetupGDXU (Gold Miners 3x Bull ETF) | 1H Chart**
**The Fed held rates flat**, signaling a potential **pause or pivot**, which gave a bullish jolt to gold and miners.
* Lower rate expectations = weaker dollar = stronger gold = **GDXU gets rocket fuel**.
* This macro tailwind is **highly favorable** for leveraged gold miners in the short term.
* Strong rally from the \$65 zone may mark the beginning of a **Wave 3** move after a clean corrective structure.
* Impulse leg looks textbook — higher highs
Double Top Alert on $FNGS!🟠 Double Top Alert on AMEX:FNGS 🟠
Price just got rejected at the 100% Fibonacci extension around $56 — a textbook resistance level.
Bearish confirmation could send us down to fill the gap at $48.35 👇
⚠️ Watch $54.30 as the critical neckline!
📉 Rejection + Gap = Potential Opportunity
Inverse gold miner3x inverse gold miner for short exposure bought this morning at 4.50. Looking at 9 for first target see if gold bounces at support should be around that range. Could easily bounce sooner but short/medium term I'm looking for gold back at 3050. Weekly gold candle is setting up for major top if it doesn't rebound this week. Risky play I have a .15 stoploss.
Who Benefits from the Dunce Tariff Tsar? The Art of The Short: When SPY Bleeds, Dracula Drinks
Today we’re diving deep into the MAX S&P 500 4X Leveraged ETN (SPYU), the ultimate degenerate’s playground for snorting the market when SPY takes a nosedive.
Tonight, my fellow nightwalkers, I wipe my mouth after my fangs bite into MAX S&P 500 4X Leveraged ETN (SPYU) the juiciest vein in the market’s pale white supremisist neck, ripe for snorting when SPY collapses under the weight of its own mortal greed. I’m Dracula, your undead degen,
Comparing the new SPYU to UPRO and SPXLI am not sure if anyone else noticed, because quite frankly I completely missed it, but there is a new leveraged share on the block that aims to track the S&P 500 ( SP:SPX ). That ticker is $SPYU.
Now this isn’t a conventional leveraged share. Most leveraged shares are between 2 x to 3 x max. However, this one is 4 x. Yeah, you read it correctly, 4 x the S&P. So if the S&P moves 2%, your theoretical gains are 8%.
Now there are inherent risks with leveraged share usage, which I have spoken abo
GDXD 1M Twirl That Cash For Gold SignGold is no haven...not at least as far as I can see.
It is not a buy-and-hold product, and is best designed for short-term tactical trading purposes only. Returns can vary significantly from -3x exposure to its underlying index if held for longer than a day. Are you looking for something to buy hold or you mean trading short term?
The Fund seeks three times leveraged participation in the daily inverse performance of the S-Network MicroSectors Gold Miners Index. The Index is a total return ind
Short term play idea: FNGD on the 4H ChartI'm entering a long position in FNGD today at market open using 60% of my equity.
Why:
RSI momentum positive.
RSI about to cross 55. I consider he path between 55 and 70 an ideal long.
FNGD is sitting on 8,13 and 21 period EMAs providing possible support.
Stop Loss:
4%
Will move up manually is it goes in my favor.
Risks:
There's a FVG area aroun $3.78
Price might pullback down there putting me in drawdown.
I've decided not to wait for this pullback as I beleive there is enough momentum in th
FNGD retrace to $8.50 before target of $10.51, coil/fakeout/pumpFNGD to go back down to $8.50 before target of $10.51 Nxt
I'm expecting a little retracement back to $8.51 with buy limits set from 8.88 down to 8.51
Take Profits at $10.17 and $10.51
Expect to retrace again and coil up. People will be talking about bears taking over, but the Santa rally will cheer bulls up and give them hope... meanwhile we are playing both sides.
Into 2024:
Due to everything going on and how much this market has tripped everyone up and out, I expect a double fakey to occur






















