DanjaZown

DanjaZown

I still love it. Seriously. But I have to wait and you can see why - the stochastic indicators have only turned up on the daily time frame and we are now caught in this downtrend channel. I've show the lower limit which will hopefully hold, but I would be reluctant taking bearish bets on natural gas from here on in.

DanjaZown

LABU is showing really good support. It's currently in a decline but should hold at $48.95 ish with a bounce and possible triangular breakout.

DanjaZown

An overhead resistance and a tweaked channel have colluded to make a an area that looks like a strong short for natural gas. The bars have changed colour and I think it could be a nice short play. I have not year decided how far this will go, please remember I have previously stated we are possibly in a bear flag. Also, don't misunderstand - I am bullish on...

DanjaZown

I'm very bullish on Natural Gas over the long-term. We have had a confirmed breakout bullishly from a descending triangle going back years, but now that we have had our early nascent move it might be time to pull back a bit. Of course all is invalidated if it breaks through the overhead support, but for now I'm seeing a small move up with a subsequent larger move down.

DanjaZown

Again, I am very bullish for gold long-term but things were getting crazy. Too much distance between price and mean, too over-bought, and (of course) the parabolic shape GLD and SLV began taking. Today is not a suprise and I expect the bleeding to continue. An amazing buying opportunity awaits us but we will need to be patient!!

DanjaZown

UNG had a spectatcular move the other day (once again I was on the wrong side of the trade but I the ship has been corrected). Rather than buying shorts after a rise in UNG, it appears like a bull market is starting so dips must be bought. The massive descending triangle going back to 2017 seems to have been broken with an open and close on the daily charts....

DanjaZown

Crude oil has been in a massive ascending wedge with UCO currently on its way to around $33. Its a nice little play at the moment, but on hitting that upper resistance and perhaps melting up we might see a catastrophic fall (probably around the same time people clue in to the fact that our economies are all screwed and no one is spending money anymore, or OPEC+...

DanjaZown

This movement has been as textbook as it can get - yesterday we had a surge to the upper resistance and today it has pulled back some. I expect this to breakthrough tomorrow or the day after. Shown here is technology short ETF TECS.

DanjaZown

I warned my readers about a bearish ascending wedge which GDX just mashed through (I also had several overhead resistance points for stops and I was certainly stopped out), but then this morning five minutes into our session GDX just hit an overhead resistance going back 2014! What do you all think is going to happen next? Does the wave count bother you? Where do...

DanjaZown

I'm only in this for a small play but I did not want today to happen. I'm still short GDX but from the dotted line you can see where I will exit the trade.

DanjaZown

Another ascending wedge has appeared. We are currently awaiting a small pull back before a final push up but this does not look like its getting to $200 like previously thought. Bearish headwinds are appearing and larger more long-term ascending wedges are appearing in the market.

DanjaZown

Bull flag that looked for a short while like it was pulling a head-fake and retreating but in the last hour of trading (as always) my instincts are rewarded and it continues to climb up. I've put in a prospective overhead resistance but remember to trail your stops because anything can happen! Other ETF's are looking bullish too like DRN, SOXL and TECL.

DanjaZown

Should be good for at least a small play, but the corollary could also be that markets are poised to move up in the coming days (I'm still not sure why).

DanjaZown

This was one of my more prodigious predictions - a declining wedge inside a consolidating triangle. It has jumped today to the upper limit of the consolidating pattern, but where to now? The limits and lines have stayed consistent so crosing and closing above or below them should tell you which way the trade is headed.

DanjaZown

Certainly with the fall two days ago a bounce could be expected but now a declining wedge appears to be forming. I have had to extrapolate the lower resistance but that's essentially what it will probably look like.

DanjaZown

Both TECS and SOXS have descending triangles at present. I've decided to take advantage but please have tight stops and be aware of false breakouts (which have admittedly been happening a lot lately).

DanjaZown

Another descending triangle has appeared in LABD. My numerous other finds have yielded decent results but we have yet to see a turn in the market indicating a new direction. The play itself might be worth a couple of percent gain but please trade safely. The downturn near the end of Friday's session is forecasting a likely poor Monday opening in addition to the...

DanjaZown

Semiconductors short (SOXS) has been in a very narrow pinching channel for a while and has stayed remarkably precise for a leveraged ETF. Please watch for a buy signal when it breaks out (d'uh). Easy money as far as I'm concerned.