The Gold Miners are Taking a Breather, What Next?

NUGT-- has pressed closer towards my optimal long re-entry window around 20.00 (see attached chart), but as of this moment, my pattern work argues that NUGT still has unfinished business on the downside ahead of my expectation of the emergence of a new upleg. With the foregoing in mind, the question is how close to the prior pivot low at 18.92 (2/14/19) will NUGT press in the upcoming hours? I will wait and watch for a while longer...

The Model Portfolio was long NUGT at 19.76 (2/12), and got stopped out at 22.97 (2/20)... Last is 20.58/59

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