Well the black trend line did not hold like I thought it would. Price also briefly dipped below the blue trend line. That is usually a signal that it will be broken in the near future. So it appears that jnug will continue down tomorrow.
The two areas that it could bounce off of are $17.50 range and if that is broken then $16.67 range. But that looks to be about it if it gets that far. a little bit bummed. I did buy jnug at $18.41 and I will hold.
SO I shifted my cycle bottom line to the 27th . I truly believe that this will mark the bottom for this cycle. Kind of tough to try to time the market and predict the future. Cant always be totally correct. But if price still makes it to my price target area by Friday, then I will be happy.
Also as you can see there was a change to my arrows and a slight adjustment to the pick boxes for the next two weeks. I try the best I can to guess price path for the week. Tuesday is the cut off for the COT report and Big money knows that. So that's why I think tomorrow, if jnug continues to go down, will by the final day this week before it turns around.
The two areas that it could bounce off of are $17.50 range and if that is broken then $16.67 range. But that looks to be about it if it gets that far. a little bit bummed. I did buy jnug at $18.41 and I will hold.
SO I shifted my cycle bottom line to the 27th . I truly believe that this will mark the bottom for this cycle. Kind of tough to try to time the market and predict the future. Cant always be totally correct. But if price still makes it to my price target area by Friday, then I will be happy.
Also as you can see there was a change to my arrows and a slight adjustment to the pick boxes for the next two weeks. I try the best I can to guess price path for the week. Tuesday is the cut off for the COT report and Big money knows that. So that's why I think tomorrow, if jnug continues to go down, will by the final day this week before it turns around.