Looks like we could profit from DUST opening it while we have jnug opened, it would be a locking of profits in one side while we open a short. Afterwards we turn around to full jung/ nugt.?
Looks like its searching for a bottom. Right now its in the support on its fan´s /8. There chance it could fall to 1209 +/- due to FED´s speaches but we have to wait an see.
Looks like crude is going south unless OPEC maximize its efforts in order to pump oil´s price. Looks like it could fall to 41.44 but lets cross our fingers for that scenario be just an idea and not a reality.
Looks like it has its first defensive line 3.07, then 2.79 and finally 2.5 (60% ret). I´m possitive and I would say that it won´t reach the 60% ret but it could fool between 3.07/2.80. Let´s see the inventories on Wednesday.
It should start moving north since it is at the bottom and very oversold!
It should start of period of sideways until we get a big pop-up!
My count give me no more than 5 days before reversal. Somehting between 8.20/8.60 would be an excellent entry point. I think that by Thurdays/Friday this should start waling north again.
My count give me no more than 5 days before reversal. I think that by Thurdays/Friday this should start waling north again.
This is oversold and it is crawling by Wednesday it should start heading north again
This is oversold and it is crawling by Wednesday it should start heading north again