HUI – Gold Bugs Index (Last:476.88)

Gold Bugs Index (HUI) price chart with targetsIt doesn’t take a rocket scientist to discern that HUI is likely to fall substantially to fulfill an all-too-clear ‘D’ target at 442.13.  This was practically ensured when sellers gapped HUI through the pattern’s midpoint support late last week. Bulls will have a chance to get back in the game as always, but we should require nothing less of them this week than a print exceeding 523.87, a ‘look-to-the-left’ peak ‘along the wall’ from March 2 that is visible on the 60-minute chart. Would you like to learn how we use the ‘camouflage’ trading technique to significantly reduce entry risk? Click here for details.