Jnug to Gold "bottom was on target, now where"

Direxion Daily Junior Gold Miners Index Bull 2X Shares (AMEX:JNUG)

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AMEX:JNUG Direxion Daily Junior Gold Miners Index Bull 2X Shares

Trend Analysis Technical Indicators Wave Analysis Gold XAUUSD GLD JNUG NUGT GDX GDXJ JDST DUST

trendanalysis indicator waveanalysis gold xauusd gld jnug nugt gdx gdxj jdst dust

So we bottomed at $11.37. I was thinking somewhere between the $11.50 - $11.30 range. So that worked out well. But it appears to me that we only completed wave three down and still have to do wave 4 and 5. So wave 4 should top a little over the $14 dollar mark before dropping to a much lower low...(too early to call but maybe in the mid $8 range).

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That bounce was a little more than I expected and therefore I think we have a A,B C playing out. GL

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