Unable to post from the 5m time frame so you'll have to look yourself. The first one was a bear flag. 2nd time was a trend change with no followthough. GLD was still weak while NUGT probably had more shorts covering. This signaled that the trend change was just another lower high...
Bulls be aware we are on the cusp of losing the 4H uptrend which means we might see daily consolidation. Congrats to bears who shorted this pig at those highs. We may hold 4H support. Watch 5m for a trend change, no signs of it so far. Market makers took out some stops before dropping it if you watch the 2-5m time frame just before the first drop.
Complete lack of interest in this turd but it's starting to look nice if you're eyeing those IPO levels from Sept 2018. Maybe once the sentiment in the sector shifts back to the bulls we could at least find a monthly lower high. News driven markets anything could happen.
Smart money sold that 200ma resistance. Watch for when they start to cover!
I would like to anticipate a lower high below 1555.10
Good for a long swing at these levels. Nice CMF accumulation. Anticipating an initial hold of 297 if we get there.
Huge diversions showing up on the momentum lines. Chaikin MFI below zero as we see higher prices is a warning sign. Let's see what they give us!
Still higher prices but starting to see volume drop off considerably. You'd have to be a moron buying up here. Let's see these bears prove themselves!
Due for some pullback, could be valid if we top out now. We would be looking to previous resistance for some support/higher low. We are also stretched from the 20ma on the daily keep in mind. Good trading!
Nice move up but I'm not convinced, anticipating a lower high. $NUGT and $DUST are good indicators.
Eyeing 1399.99 for decent support. RSI pretty crushed however MFI showing a little divergence on the 4H. Likely see a pop into happy hour Friday..
Nice run up on practically nothing. Rejected that key resistance once again, good volume too. Bearish in the short term.
Low volume float, typical Tuesday... unlikely we'll see any meaningful moves until after the FOMC announcement. #Shortputs #Shortcalls trade of the decade.
A little bearish after the clear rejection of 1429 resistance. This morning the bulls came out and got rejected again at the trend line. I'm not currently convinced that 1410.99 is our higher low. Are bulls comfortable holding through the FOMC? I had short puts on GLD I was trying to hold into the close but when I saw some volume kick in I covered for smaller...
Support/Trendline from previous rally points + 200 MA. If it breaks look out.
Nice higher lows and accumulation into resistance. Definitely bullish until it confirms a break of the higher low pattern, in which case we might be looking back down to 1400.