SalN

PRO
Message Follow Following Unfollow
Online Joined USA, San Diego, CA
Markets Allocation
60 % stocks 40 % other
Top Mentioned Symbols
JNUG 56% | 45 XAUUSD 17% | 14 SPX 17% | 14 DXY 3% | 3
SalN SalN PRO JNUG, D, Long ,
JNUG: Jnug to Gold "FOMC meeting helps the DCL"
256 1 7
JNUG, D Long
Jnug to Gold "FOMC meeting helps the DCL"

Well, it has been a long very stretched out daily cycle. And it is clear now that we are dropping into the DC low. I have drawn on my chart my approximate price target for Jnug before a bounce. I think we will hit the 100 DMA. But I am using the GDXJ chart to help me a little more. Here is the GDXJ chart zoomed out a ...

SalN SalN PRO XAUUSD, D,
XAUUSD: Jnug to Gold "can't ignore the breakout any longer"
601 7 5
XAUUSD, D
Jnug to Gold "can't ignore the breakout any longer"

Today was a big deal to me. North Korea just fired a missile over Japan causing gold to spike and that is good enough for me for this breakout. So the question for those that are in JDST or Dust is how to get out. We will have a daily cycle low very soon. I expect gold to drop back down to the 1270ish area and retest that long term trend line for the end of ...

SalN SalN PRO XAUUSD, D, Short ,
XAUUSD: Jnug to Gold "This is going down"
322 4 6
XAUUSD, D Short
Jnug to Gold "This is going down"

GOLD ! That was a huge let down bearish reversal candlestick on Friday with huge bearish volume. This is not breaking out this time. These banksters are wicked evil when it comes to setting everyone up to go long. But I did not fall for it. I believed in my cycles and we are just too late for a breakout rally like everyone is talking about. We will drop until ...

SalN SalN PRO JNUG, D, Short ,
JNUG: Jnug to Gold "More chop ahead before a bigger drop"
783 19 9
JNUG, D Short
Jnug to Gold "More chop ahead before a bigger drop"

Before I get into it, I just wanted to say, isn't is funny how this dumped? Remember how I was saying that big green volume spikes have usually meant that Jnug was at or very near a top. Its not 100% that way but its like 95% of the time. Good thing to remember. So I have been really trying to find the cycles for Jnug. And I am bummed to say that I did not ...

SalN SalN PRO XAGUSD, W, Short ,
XAGUSD: SILVER  "Just for Fun"
149 1 2
XAGUSD, W Short
SILVER "Just for Fun"

I never chart silver but I wanted to have some fun and see what I can see. This is the weekly chart for silver. There were a couple of things that stood out to me. The first was the huge bearish divergence on the RSI which in my opinion, has not resolved itself yet. In other words, it suggest that a good drop to much lower prices is in our future. (I am not ...

SalN SalN PRO XAUUSD, D, Short ,
XAUUSD: Jnug to Gold "Breakout or Breakdown?"
381 4 4
XAUUSD, D Short
Jnug to Gold "Breakout or Breakdown?"

This is a important week and especially Fridays economic reports. I can see a case for both Bullish and Bearish gold. Being so close to that trend line again, it would seem safe to wait before making any bets. But I am still leaning bearish. One of the reasons is because of technical, but an even bigger reason is that the dollar has been dropping hard for the ...

SalN SalN PRO SPX, D,
SPX: SP500 SPY "Looking for the correction to start last week of July
490 6 8
SPX, D
SP500 SPY "Looking for the correction to start last week of July

My timing is slightly off but with the recent breakout, it appears that my wave count is on the money. We are in wave 5 of a larger 1 of this bull markets final Wave 5. I hope that did not confuse you. So I do not think this will measure the same as wave 3 which would take it to around 2510 ish. And I am looking for it to be a little bigger than wave 1, which ...

SalN SalN PRO JNUG, D, Short ,
JNUG: Jnug to gold "I dont think we are finished dropping yet"
693 15 8
JNUG, D Short
Jnug to gold "I dont think we are finished dropping yet"

I was on vacation out of the country for the last week so I have not been able to update anything. But there really was not much to update. So to cut to the chase, it is my feeling that we are not finished dropping yet for gold. I am expecting gold to drop into oversold on the RSI 14 and also drop below the march low before having a legitimate bounce. So lets ...

SalN SalN PRO XAUUSD, D, Short ,
XAUUSD: Jnug to Gold "Crash next week"
920 14 13
XAUUSD, D Short
Jnug to Gold "Crash next week"

I know I have been reading a lot about the big move in gold. And everyone has been biased bullish except for a few. I am more beaish today than I was last week. The time for the big move is next week in my opinion. I hate having to wait like this but the markets are on their own schedule. So the reason that I am into the bear camp, aside from the fact that we ...

SalN SalN PRO JNUG, D, Short ,
JNUG: Jnug to Gold "FOMC meeting and Brexit talks"
1327 23 8
JNUG, D Short
Jnug to Gold "FOMC meeting and Brexit talks"

This is a tough spot for me to possibly predict any directional movement. While I do think that Jnug will drop at the beginning of the week and probably touch the $16.80 level with the help from gold dropping, the Fed decision is weighing on me. Just about everywhere I read it says that the Fed will raise rates on Wednesday. If they do raise rates then I think ...

SalN SalN PRO XAUUSD, D, Short ,
XAUUSD: Jnug to Gold "Breakout??!!"
564 15 9
XAUUSD, D Short
Jnug to Gold "Breakout??!!"

Well gold finally broke through the 5 year resistance downtrend line. But what matters is how we close the day and if there is follow through tomorrow. If this drops back under 1290 and we start tanking, then I would bet this continues to drop hard. This could be a false breakout designed to get everyone to go long. Do you doubt the big money does not know ...

SalN SalN PRO JNUG, D,
JNUG: Jnug to Gold "BBands tightening again, Big move coming soon"
1344 21 12
JNUG, D
Jnug to Gold "BBands tightening again, Big move coming soon"

Yes a big move is coming soon and I think that that big move is down. Last Fridays poor price action for Jnug is the writing on the wall. With such a strong break up for gold, Jnug should have behaved better than that if there was strength. So while I think gold will continue up towards the top of its wedge, I think Jnug may not perform that well. I wont guess ...

SalN SalN PRO XAUUSD, D, Long ,
XAUUSD: Jnug to Gold 5/22/17
567 6 10
XAUUSD, D Long
Jnug to Gold 5/22/17

I decided to start with the gold chart today. We have once again closed above the 50 week MA, which is the thick blue line. I am looking for price to move above 1264.75 to confirm that we are in a wave 5. If that is confirmed, probably overnight, then I am targeting that yellow box area for a top for gold. Then we should turn down with a vengeance. I am not ...

SalN SalN PRO SPX, D, Long ,
SPX: SP500 "almost finished with a large wave 1"
378 2 7
SPX, D Long
SP500 "almost finished with a large wave 1"

I have not posted a SP500 chart for a while so I thought I would show how its going. So far its following along with my prediction. As you can see, if we do reach 2500, then a 10% market correction would bring it down to the bottom of the large channel trend line. I may try TVIX in June. I am pretty sure we are about to finish a very large Wave 1 of our mega ...

SalN SalN PRO JNUG, D, Long ,
JNUG: Jnug to Gold "a couple more days of upside before the big drop"
1720 17 16
JNUG, D Long
Jnug to Gold "a couple more days of upside before the big drop"

I think that we completed micro wave 3 and may have also completed a micro wave 4 today. I went ahead and, assuming that this was wave 3, I measured the price action from the start of wave 3 to the end. The I copy and pasted it and adjusted it to start from the bottom of what may be the bottom of wave 4. As you can see, if we get an equal price move for wave 5 ...

SalN SalN PRO XAUUSD, D,
XAUUSD: Jnug to Gold "French Election weekend"
570 8 8
XAUUSD, D
Jnug to Gold "French Election weekend"

So I am having a hard time reading the Jnug chart right now. Aside from the extremely oversold RSI, the positive action today for Jnug, despite weakness in gold, suggests a pop may have begun today. But I thought maybe the regular gold chart might help me get a couple of ideas about Jnug price action in the short term. I am assuming that we are going to get a ...

SalN SalN PRO XAUUSD, D, Short ,
XAUUSD: Jnug to Gold "Gold Chart only"
291 0 6
XAUUSD, D Short
Jnug to Gold "Gold Chart only"

I just thought that I would post this gold chart all by itself. I think we are almost finished (short term) with dropping in gold and will get a little bounce possibly starting at the end of next week. But the Intermediate cycle is due and that means a left translated cycle. So a medium term bounce up to the black #2 and then down hard. I will post a zoomed ...

SalN SalN PRO JNUG, D, Short ,
JNUG: Jnug to Gold "Possible more downside ahead"
1483 38 10
JNUG, D Short
Jnug to Gold "Possible more downside ahead"

With the break of the black trend line yesterday, that suggest that there is much more downside ahead for Jnug. I did not think this drop was coming so soon. I was thinking in a month or two. So I was wrong. But now it appears that we are in a downward channel. And I have a feeling we are going to fill at least the next gap if not the December low gap. The ...

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