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...
So A great day. Jnug filled the gap (18.25) perfectly like I thought would happen. At that point, I sold my Dust and bought Jnug right away. Then the price target of $18.50 Jnug was nearly had for the end of day. I am expecting Jnug to move up to the upper part of the wedge next week. Then I will sell and re-enter Dust. I am excited to also see that the...
SO, While researching DUST, I discovered a possible conflict for Jnug price targets. There is possibly another path, represented with the pick arrows and boxes. So here is my trading plan (subject to change as we proceed). I currently hold DUST, which I bought this morning (9/22) when I saw JNUG get rejected from the upper wedge. I plan on selling DUST,...
So I was bummed that gold took off after Japans non move. Oh well, Im still buying Jnug for the short ride up. Just a brief update today. I have slightly moved my arrows (price movement). I also included the Fuschia colored and black vertical lines to mark DCL approx. dates and the Black vertical line are what I believe is ICL bottoms. My Idea is that jnug...
well, well, well...Jnug closed at $17.35! Right smack dab near my price target area of around ($17.50). And the week before it closed almost perfectly in the price target as well. So just to update, I think that Jnug will bottom around the $16.20 on Moday or Tuesday. Then with no rate hike, we will get a small run for a couple to fours days. I am looking at least...
Since my spot gold chart is too cluttered to post, I thought this JNUG chart may be a better guide. I use mostly Cycle analysis, and to a lesser degree .... Technical Analysis for price guidance, Max Pain Expiration, Cot report Tuesday cutoff, and typical seasonal movements. Oh and lets not forget the dependency on the data on the economic calendar as well. As...
My estimate for the bottom is on the chart. Then up up and away until December or January Fed rate hike
Since my spot gold chart is too cluttered to post, I thought this JNUG chart may be a better guide. I use mostly Cycle analysis, and to a lesser degree .... Technical Analysis for price guidance, Max Pain Expiration, Cot report Tuesday cutoff, and typical seasonal movements. Oh and lets not forget the dependency on the data on the economic calendar as well. As...