Jnug to Gold "I think I fixed my cycles"

A Little while back I was using cycles to help me with great accuracy, determine when to get in and out of both Jnug and JDST . Then it appeared to have gotton a little wishy washy. Well I think I got it back. If I am correct, we should continue to drop(not in a straight line) in Jnug until around the 18th or 19th. Coincidently the 19th is the day, congress votes on the budget for the year. I do not think they will pass it the first time through with all the border and DACA issues involved. I think gold will have completed its half cycle low about that time and Jnug should also reverse with gold . At this point gold has not really given a decent half cycle pullback yet. So if that starts this week, then Jnug will drop pretty well. I drew what I believe is a channel for Jnug . Lets see if that works. There is a good chance that Jnug drops to at least the 50 DMA and possibly a little lower during that last day or two of that half cycle. The 19th happens to be a Wednesday, which is the start of the next COT report. I cant tell you how hard gold and Jnug will run after that so we will wait and see. As you can also see...there is a pretty good consistency with the red half moon cycles. About 3/4 of the way through (pink vertical line) that half moon, Jnug will drop pretty hard as that also coincides with gold DCL (black Triangle). Its not perfect but timing the market is never perfect.
Comment: Jnug update
Jnug is still on track to continue the drop maybe tomorrow or Monday. If I were to apply a wave count to this, it appears that we are in wave 4 which may continue tomorrow. We should get a wave 5. Wave 5 for gold/Jnug should be the biggest wave move. So if today was the highest Jnug will go then a Fib measurement would bring wave 5 down to at least the $14.85 level which is equal to the wave 3. I am expecting the RSI to get oversold before this thing is finished. I am hoping to see a bullish divergence on the RSI.
Speaking about gold...Todays thrust up to a slightly higher high, makes me believe that we just had a truncated 5th wave...I think we should start the half cycle correction in gold now for the next week +. That should tank Jnug for the 5th wave.
On a side note...Miners are not really responding well to the last rally and the correction so far is quite large compared to gold. I am wondering if that is a sign that this is not going to be the breakout rally that everyone is calling for. Depending on how long and deep this correction is for will not have much time to climb back up before the larger gold Daily cycle is due. I am expecting a top for Jnug around the pink vertical line...The large black triangle is the approximate date for gold's Daily Cycle to bottom. Time will tell but that is my game plan for now. GL
Comment: Forgot the chart....Sorry
Comment: 3 gaps ups is bearish. Look it up on google. We should get some big profit taking early next week.
Comment: Here is the last time Jnug did it and what followed. Late April the middle of the bull run.
Comment: NEW VIDEO!
SO I just watched a video that was released by a you tube person who rarely gives free public videos. I highly recommend that you watch it. She speaks about this latest impulsive move in gold and what she believes will come next. And I must say, I was pleasantly surprised. So go ahead and you tube search
"Elliot Wave technical analysis by Lara"
Of course we will see soon....very very soon, maybe next week...who is correct.
Comment: GLD Chart
Looks like gold should drop at the open on Tuesday according to the GLD chart. This chart only registers gold movement for the day and not over night price action. However, we could be due for a little more of a zig zag into April before we get the start of the final drop.
Comment: Japanease Yen Chart and its correlation to gold.

Comment: Jnug update

Looks like Jnug may be in a little a,b,c zig zag pattern heading down again. Jnug should be finished dropping on Tuesday and we should get a larger C wave back up.
damn thats a ugly ass chart
usd/jpy putting in lower highs lower lows, Bearish. Gold is bullish long term, dollar is weak and will continue to weaken.
I watched her video as well, she is terrific
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