The Direxion Daily Gold Miners Bull 3X ETF (NYSE:NUGT) continues to climb off its lower-channel boundary line in the vicinity of 9.55/50 (last Thurs.-Fri.) en route to a challenge of the upper-channel boundary, now in the area of 12.40/80.
At this point, only a decline that breaks near-term support between 10.90 and 10.60 will compromise the unfolding constructive setup.