SalN

PRO
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Joined USA, San Diego, CA
Markets Allocation
63 % stocks 37 % other
Top Mentioned Symbols
JNUG 58% | 40 SPX 19% | 13 XAUUSD 13% | 9 DXY 4% | 3
SalN SalN PRO XAUUSD, D, Long ,
XAUUSD: Jnug to Gold 5/22/17
434 4 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"
258 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"
1561 16 13
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"
558 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"
288 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"
1464 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 ...

SalN SalN PRO JNUG, D, Long ,
JNUG: Jnug to Gold "looks like its time to go long for a bit"
1298 26 10
JNUG, D Long
Jnug to Gold "looks like its time to go long for a bit"

I was too focused and zoomed in on my little wedge to see the bigger picture. I think what just happened is a larger zig zag B wave just played out. I measured the drop from the 1st part of the B wave and as you can see(purple price measurement), this latest drop is just about a perfect measurement. I think we are done now. I am expecting Jnug to start the C ...

SalN SalN PRO JNUG, D,
JNUG: Jnug to Gold "Difficult Read ahead"
1258 48 8
JNUG, D
Jnug to Gold "Difficult Read ahead"

I have had a difficult time figuring out what to discuss. NOTE** None of what I say below will matter if there is a war with North Korea in the next week because gold will shoot through the roof. But I have a feeling that Trump worked out a deal with China and dough boy will back down. That being said, I do believe that the cycle for Jnug has shifted....but ...

SalN SalN PRO JNUG, D, Short ,
JNUG: Jnug to gold 4/07, still going according to plan
1421 39 13
JNUG, D Short
Jnug to gold 4/07, still going according to plan

I was happy to see that wave 5 completed today. I was also unhappy that it did not complete yesterday like I was hoping. (I cant predict everything perfectly but only hope to get real close). What we saw this morning was the gap up for Jnug, a little more upside movement to complete wave 5, and then the start of our move down. The huge down move to 6.43 was ...

SalN SalN PRO JNUG, D, Long ,
JNUG: Jnug to Gold 3/31/17
1187 46 16
JNUG, D Long
Jnug to Gold 3/31/17

There is really nothing to update this weekend that I see. For once I was bummed that price settled in the blue box. The price target for Today (Friday) was approximate 6.50 and if you include afterhours, then we closed at 6.53. I would have like to have seen it close at near its high. But oh well. I am still confident that Jnug will continue to go up for ...

SalN SalN PRO SPX, D, Long ,
SPX: SP500, SPY - The End is near
316 3 6
SPX, D Long
SP500, SPY - The End is near

SP500 Daily Chart Did you like my title? "The end is near". BUT NOT YET. I'll explain. First on this daily chart I would like to point out that we dropped a little bit over the last couple weeks. The hidden bearish divergence on the RSI below played out. But as you can also see, we have a larger hidden bullish divergence that has formed. Look at the last ...

SalN SalN PRO JNUG, D,
JNUG: Jnug to Gold "BBands are tightening, big move in two weeks"
1064 7 18
JNUG, D
Jnug to Gold "BBands are tightening, big move in two weeks"

Jnug Daily Chart The price action today was right in my little blue box so that was just about perfect. We retested the 10 DMA and closed below the 20 DMA. We still have two more days for the COT report (which cuts off on Tuesday), so I can easily see Jnug drop to the lower pink line. But I gave two ideas. The first pink line is an exact measurement of the ...

SalN SalN PRO JNUG, D, Long ,
JNUG: Jnug to Gold "Everything is moving according to plan"
1004 5 14
JNUG, D Long
Jnug to Gold "Everything is moving according to plan"

Jnug Daily Chart Well that move down this morning hit my target perfectly and bounced. I am wondering, however, will it drop just a tad bit more to touch or even intraday overshoot the 10DMA. We did not hit it yet. It turned down as price dropped today. And the 20 DMA is screeming downward. I feel we will be squeezed in between the 10DMA and 20DMA for next ...

SalN SalN PRO JNUG, D, Long ,
JNUG: Jnug to Gold "week of the Fed" 3/11/17
1151 16 17
JNUG, D Long
Jnug to Gold "week of the Fed" 3/11/17

I almost didn't do a analysis this weekend because it seems pretty obvious to me now that Jnug is going up for the short term. Just look at the price action last week. Gold was falling but clearly Jnug was flat. I knew that it wanted to go up and towards the end of Friday afternoon, once spot gold turned around, Jnug flew. So what's next for Jnug? I think I ...

SalN SalN PRO SPX, W, Long ,
SPX: SP500 March 5th 2017
276 0 7
SPX, W Long
SP500 March 5th 2017

Weekly Chart I just thought I would do an update to where I think we are in the broader markets. 1st I thought I would post this weekly chart so you can see my count as to when the "BIG CRASH" might (might take place). I am thinking not until the next presidential election. That's just a guess. Nothing special about it. But I think the Trump policies, once ...

SalN SalN PRO JNUG, D,
JNUG: Jnug to Gold March 5th
546 9 9
JNUG, D
Jnug to Gold March 5th

Jnug Daily Chart So far so good if you were in JDST. So the question is, was that the bottom. Did we reverse on Friday? Quite frankly I do not know. The cycle could have ended Friday but it could also run for one to two more days. I did not sell my JDST and am thinking Jnug drops a little more. I hope I am correct because that would be YUGE and then to buy ...

SalN SalN PRO JNUG, D, Short ,
JNUG: Jnug to Gold Feb 24th
749 3 6
JNUG, D Short
Jnug to Gold Feb 24th

SO I bet many people were wondering WTF is up with the price of JNUG if gold broke out the last two days. Well the answer is that the cycle for miners is coming to an end and there is usually a little pullback during the bullish times and a huge drop during the bearish times. *(look at miners from 11/14 to 12/08 and see what the price action did compared to spot ...

SalN SalN PRO XAUUSD, D, Short ,
XAUUSD: Jnug to Gold - Im not long yet
156 0 5
XAUUSD, D Short
Jnug to Gold - Im not long yet

I'll keep this short and sweet. Until spot gold break through that large green area that I put on this Spot gold chart, then it is still possible that we are in wave 4 and not in the start of the 2017 bull run. However, I am not so sure how low it could go being so so late in the cycle. I put up the possibility of a head and shoulders pattern that could ...

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