A composite of daily and 4 Hour CG1 charts.
Price has held within its moving average channel and has already bottomed the stochastic. The sto hasn't yet begun to rebound back toward the MA stochastic.
Note the 4 HR Laguerre turned positive, which is about a 30 day MA, and I set a challenge to see if price would break below 1885.
Solution: What you'd want to see is an EWS green dot over extended its deviation to hit a point where it will shift direction and rebound. You can see a narrowing and is close to a crossover.
Mostly I trade NUGT and DUST 2x. NUGT is off highs and Dust rose over 3% in its latest run up, but fell shy of breaking a mid-line of the moving average channel. Stochastic is over bought, and price appears to be fading back to the mean (unless there is a second wave coming).
I listened to a talk by someone who follows Hurst cycles, diagnose SPY suggesting a bigger slide later in June? That could be an impetus for metal stocks to rise.
Stay with the big picture ... Just a guess
Price has held within its moving average channel and has already bottomed the stochastic. The sto hasn't yet begun to rebound back toward the MA stochastic.
Note the 4 HR Laguerre turned positive, which is about a 30 day MA, and I set a challenge to see if price would break below 1885.
Solution: What you'd want to see is an EWS green dot over extended its deviation to hit a point where it will shift direction and rebound. You can see a narrowing and is close to a crossover.
Mostly I trade NUGT and DUST 2x. NUGT is off highs and Dust rose over 3% in its latest run up, but fell shy of breaking a mid-line of the moving average channel. Stochastic is over bought, and price appears to be fading back to the mean (unless there is a second wave coming).
I listened to a talk by someone who follows Hurst cycles, diagnose SPY suggesting a bigger slide later in June? That could be an impetus for metal stocks to rise.
Stay with the big picture ... Just a guess
Trade active:
Setting target for NUGT at $74