$GUSH ; Could this be it?
TraderNoxtreme here. $GUSH has been falling HARD the last two weeks roughly and people have been longing this hard on the way down. The media is now really starting to HYPE the trade war which is leading to increased uncertainty in oil/nat gas. $GUSH is a 3X ETF that has a bunch of oil and NG companies in it.
It just bounced off a 3 YEAR low this week at around 5.90...
Trump just tweeted this
"BIG NEWS! As I promised two weeks ago, the first shipment of LNG has just left the Cameron LNG Export Facility in Louisiana. Not only have thousands of JOBS been created in USA, we’re shipping freedom and opportunity abroad!"
i.imgur.com/KnS7e8C.png
Oversold on the hrly, 4hr, and daily!
I will likely double down at the pink line if we break it first thing tomorrow.
It just bounced off a 3 YEAR low this week at around 5.90...
Trump just tweeted this
"BIG NEWS! As I promised two weeks ago, the first shipment of LNG has just left the Cameron LNG Export Facility in Louisiana. Not only have thousands of JOBS been created in USA, we’re shipping freedom and opportunity abroad!"
i.imgur.com/KnS7e8C.png
Oversold on the hrly, 4hr, and daily!
I will likely double down at the pink line if we break it first thing tomorrow.
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so far so good :)
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Clearly that trump tweet was not out catalyst even though we did see a little upside. Likely was not because of the tweet. In any case, I am starting to feel pretty confident that it is just a matter of time before this has a substantial bounce.
LOOK at the volume on the WEEKLY
LOOK at the volume on the WEEKLY
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My gut says that soon there will be a catalyst of some kind. This could come in many forms. This will stop bag holders from selling and we will run fast and hard once that happens. Blood is in the streets.