all the weekly signal charts I use have been bearish for positive etf’s since 2nd week in may. After a 2.5month correction they just turned positive today. will sell when they turn negative again.(hopefully not to soon.
Yes, it’s all very interpretive. I tend to err on the side of the trend which is strong up for JDST. I read this as a touch to support, a more complete gap fill, and now deeply oversold on this uptrend pullback. It’s a buy with a tight stop in my book 😉
Agree just bought a very small amount of DUST
Also check out where DUST price action fits into the forks I constructed on May 15th.
http://schrts.co/KqnuRf
depend what you look at, this/jdst is not a healthy chart.
http://schrts.co/x0tj0H
all the weekly signal charts I use have been bearish for positive etf’s since 2nd week in may. After a 2.5month correction they just turned positive today. will sell when they turn negative again.(hopefully not to soon.
Yes, it’s all very interpretive. I tend to err on the side of the trend which is strong up for JDST. I read this as a touch to support, a more complete gap fill, and now deeply oversold on this uptrend pullback. It’s a buy with a tight stop in my book 😉
http://schrts.co/RlUe4L
Now that’s a COMPLETE gap fill. Took it’s time…
Its too bad stochcharts doesnt have a snap to feature on their trendlines, both yours and mine look lined up pretty well
agreed Grin!
Here’s another perspective on GDXJ….bearish backtest?
http://schrts.co/xp2fuv
This is a bullish chart in my view. Very strong uptrend, gap fill, compelling Wolf Wave, and positive divergence on OBV.
http://schrts.co/BZy63Y