Bearing in mind that the markets try to screw as many traders as possible, I’m sharing some thoughts of how I plan to trade JNUG depending on what happens early next week.  As shown on the attached chart, I think the markets are trying to (or already have) lopside the trade back higher on JNUG before slamming the momo bulls into a short term trap.  I think this will either occur in the form of an opening gap up or down Monday.  In the intermediate term, JNUG will very likely move up for at least a few weeks, but not before making it difficult for folks to trade the move profitably or w/o substantial drawdowns/profit erosion.  This is why I cashed out my JNUG gains before the close Fri.  I’d like to get back into a new position around 7.83 which could cause some pain to current JNUG bulls.  A gap up and resistance in the 10s could trap some new money and I will hit JDST for a retrace back into the light blue fib zone which should provide support.  Again, I will trade what the market hands us Monday and these are just my thoughts……

JNUG