JNUG – Still Biding My Time
I think there is a long swing trade set up building here but I’m not ready to pull the trigger yet. I will post when I do.
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POSTING INFORMATION
If I’m not mistaken that’s a Bull Pennant on JDST… 8.02 target there abouts…. although the EW 1=5 target is around 7.73…
It is and I just noticed that too. I’m looking for a pop in JDST to 7.74 before I go long JNUG. See chart link:
http://schrts.co/FlEu39
TRIX has a bull cross on DUST 60. Careful, with countertrend trades. ST indicators are in overbought territory. However, this can persist. I am expecting a pullback on DUST 60 to the 13/34 before continuing upward.
http://stockcharts.com/h-sc/ui?s=DUST&p=60&yr=0&mn=1&dy=15&id=p20910604389&a=388664339&listNum=1
Dollar broke out to upside… Looks like JDST is thinking serious about following suit!!!!! My top secret indicator on JDST 30 min is bullish (Wm%R 25) 🙂
Bullish chart on the Dollar Daily (well actually UUP)… Buy signals across the board…. Me thinks JDST will follow… UUP is definitely NOT a chart to SELL….
I was hoping for slightly lower but I bought JNUG at 20.96 in last minute of trade.