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JDST

Jnug to Gold "looks like its time to go long for a bit"I was too focused and zoomed in on my little wedge to see the bigger picture. I think what just happened is a larger zig zag B wave just played out. I measured the drop from the 1st part of the B wave and as you can see(purple price measurement), this latest drop is just about a perfect measurement. I think we are done now. I am expecting Jnug to start the C wave up. I am expecting Jnug to be back at $7 by Friday. We are also stretched far from the 10 and 20 DMA which never lasts very long. We are clearly in the large wedge as of today. But I did not think it would happen this way. I just did not see it. Oh well, I did not sell my Jnug today because I know it will go back up very soon. I will still make a good profit. As you can also see, I measured the A wave up (green price measurement) and we should reach the top of the blue wedge line in a couple weeks. There is also a big bullish divergence on the RSI 5 so I am holding.
AMEX:JNUGLong
by SalN
26
Jnug to Gold "Difficult Read ahead"I have had a difficult time figuring out what to discuss. NOTE** None of what I say below will matter if there is a war with North Korea in the next week because gold will shoot through the roof. But I have a feeling that Trump worked out a deal with China and dough boy will back down. That being said, I do believe that the cycle for Jnug has shifted....but trying to guess when it bottoms and starts new is a guess. So I will go for it. With the huge gap down yesterday and the strong close below both the 10 and 20 DMA, I would suspect that more down side is ahead for Monday and Tuesday. attention has to be given to the gap we just made. But if we continue down, AND touch the trend line, I would probably call that the cycle end for Jnug. I have already shifted the cycle indicators at the bottom to reflect this theory and moved the pink vertical line over as well. As you can see, I left the shaded green area in its original place as a reference of the old cycle end area. As you can also see, I do not expect a big pop in Jnug. The BBands are closing tighter and tighter and I think it will continue for a little while longer. So I expect more chop for a couple more weeks. Part of the reason I am leaning this way is that, .....I really do not think spot gold is going to break out of that long term downtrend line. (I will post the gold chart later). Not to mention, gold is starting to get to that point in time when it too should start cycling down. Not just for a daily cycle low but also for an Intermediate cycle low. An estimation for spot gold to bottom on its ICL is late May to Early June. Which means that it usually starts to turn down approximately 1 month ahead of that date. So I think that spot gold will reach the top of the downtrend line next week and then move down to sideways, just underneath it (which everyone will call a bull flag). Is it a bull flag? Well it will look like one but no one will be paying attention to the cycles. Not all bull flags play out. SO I am estimating that we start to drop with gold around the May 8th date. That is also about the time that the 50 DMA should be crossing down across the 100 DMA for Jnug. (which is also a very narrow point in the wedge). If spot gold does start to tank for its ICL, then it should drag Jnug down with it. That is the reason I have the arrows on the Jnug chart moving down in May. And of course, lets not forget the short, medium and longer term hidden bearish divergences on the RSI 5. I think that should be respected, a lot. The short term bullish divergence played out last week and there could be another medium one that forms if Jnug falls further and stops at the trend line. I extended the bullish divergence line to give you an idea. Ill post my gold chart next.
AMEX:JNUG
by SalN
48
Jnug to gold 4/07, still going according to planI was happy to see that wave 5 completed today. I was also unhappy that it did not complete yesterday like I was hoping. (I cant predict everything perfectly but only hope to get real close). What we saw this morning was the gap up for Jnug, a little more upside movement to complete wave 5, and then the start of our move down. The huge down move to 6.43 was wave 1 down, the pull back until close is wave 2. Wave 2 may continue a little while on Monday. Then wave 3 should occur on Monday and we should complete the 5 waves down by Tuesday. If by Tuesday, we are not quite down to the bottom of the wedge (approx. $6.10 - 6.08) then we might briefly drop on early Wednesday morning only to reverse hard and shoot up. So I bought JDST today when Jnug was at the 7.26 range. I will sell my jdst when jnug drops to the low $6 range and immediately buy Jnug again for the new cycle pop. I bet very few people had the balls to buy JDST or Dust after what happened last night and the gap up this morning. I saw everyone super bullish and calling for at least $8 for Jnug. I wonder what they are thinking right now after dropping so hard. Oh wait, I know what they are thinking......MANIPULATION!!! Ha Not. I followed my cycle analysis and wave count and it worked like it was supposed to. (YES supposed to). Hard to accept for many. It almost seems as if all the news and other BS is irrelevant unless it supports/helps the pattern complete itself. That being said, I know that I will not always figure out the correct pattern or wave count. But I am on a 3 month roll. Just a heads up *** Another thing to note that I have NOT figured out yet. The cycles shift from time to time. If you were to look at my cycles on the bottom part of my chart, and go back to middle of summer 2016, you will see that the current cycles do not work. I have not figured out what caused the shift and hopefully I see it when it happens next time. If I miss it then that could be a painful period of time. By the way, I have an alternative red arrow drawn for the cycle drop in the middle of May. The reason I put that there is that during that point in time (end of cycle drop), spot gold should also be in its cycle drop. Like in February, when/if these two things correlate, the moves are very big. GL
AMEX:JNUGShort
by SalN
39
Jnug to Gold 3/31/17There is really nothing to update this weekend that I see. For once I was bummed that price settled in the blue box. The price target for Today (Friday) was approximate 6.50 and if you include afterhours, then we closed at 6.53. I would have like to have seen it close at near its high. But oh well. I am still confident that Jnug will continue to go up for most of next week. However, special attention will be paid to when I am planning on selling in order to buy in to JDST for the end of cycle drop. I feel that Tuesday the 11th will be the last day of the cycle. (I know that is a tough call). So if I want to get into JDST for the drop then I have to sell my jnug early enough for that 3 day settled funds rule to not bite me in the butt. So assuming I am correct, I would have to sell my Jnug by next Thursday in order to not get hurt holding JDST with the new cycle pop. So that's it, nothing has changed since my last few posts. Everything looks pretty darn good. GL
AMEX:JNUGLong
by SalN
46
Gold finishing 4 or starting 5? Watching gold as we moved so far this week with low vol. Some Asian markets were closed due to holiday but no change today but slight increase in vol. FOMC tomorrow so market could be cautious yet my trades are 4h and higher so not too worried other than to say I am long, stops a few dollars below bottom channel... under where 4th wave would be considered deep. 4th are usually shallow but will hedge/scalp short if needed to cover. Updated channel if iii complete. 4th targets are listed, .38 and .50 along with v at 100% and 168%. Good luck, have fun, be safe.
FX:XAUUSDLong
by AlphaDreams
Friday, Gold, Watching main short channel.The final day of the month, finishing Trump's first quarter. If the markets push for a positive close, I'll hold these shorts to finish once wave 5 starts and we break the original downward hourly channel. Here I'm showing on 4h since it's a little cleaner of the lower TF noise. RSI can print a higher low even if PA prints a lower low so I'll keep an eye to see what is really happening and for when/if the turn is near. Not a trade, just what I'm watching for my trades. Currently I'm short from 1258, 1253...
FX:XAUUSD
by AlphaDreams
Jnug to Gold "BBands are tightening, big move in two weeks"Jnug Daily Chart The price action today was right in my little blue box so that was just about perfect. We retested the 10 DMA and closed below the 20 DMA. We still have two more days for the COT report (which cuts off on Tuesday), so I can easily see Jnug drop to the lower pink line. But I gave two ideas. The first pink line is an exact measurement of the first part of this zig zag move down. If that is all we get then I could see Jnug reaching the $7.90's (100 DMA) by the end of next week. But it really isn't too much at all to see Jnug fall to the lower pink line in the next two days. At that point I would be looking for Jnug to rally to that resistance zone that I highlighted and possibly topping out at the $7.75 range. That would be about a 34-35% move. Either way, I would sell Jnug and immediately buy JDST because as you can see, the cycle will be coming to an end around April 10th. So that means Jnug should drop that last week. The BBands should be nice and tight at that point, indicating a big move is about to commence. Interesting how those BBands are coming together right when the cycle ends and a new one begins. This should break Jnug out of the orange wedge and into the larger wedge. I think we will get a really big move at that point but it should only last 1 to 1 1/2 weeks. The reason why I say that is because the daily cycle for spot gold should end sometime in middle May. So I am expecting spot gold to have rolled over by then if it doesn't already start this next two weeks. Oh and another thing to point out. If you have not noticed, the 50 DMA has started to turn down and is really not that far away from the 100 DMA. If they cross, look out below. I am going to take a guess that they cross in early May. I left my indicator as neutral because I do think we will drop for only two days and then run. GL everyone. lets hope I am correct again.
AMEX:JNUG
by SalN
7
Jnug to Gold "Everything is moving according to plan"Jnug Daily Chart Well that move down this morning hit my target perfectly and bounced. I am wondering, however, will it drop just a tad bit more to touch or even intraday overshoot the 10DMA. We did not hit it yet. It turned down as price dropped today. And the 20 DMA is screeming downward. I feel we will be squeezed in between the 10DMA and 20DMA for next week. I think that early the following week, jnug will breakout of that sqeeuzed zone and move to the upside for a jnug Wave c move. As you people may have noticed, jnug and Gold are not moving up as powerfully as the last two hikes. This move is not finished yet and I may be speaking too soon but I am getting that sense. It is almost as if the hikes are losing steam. However, I am still counting on a C wave move up to the $9.63 range and possibly only making there on one day with a daily close below the 50 DMA. As you can see, I have attempted to project the possible path for the 50 DMA and it is right below that target area. Otherwise there is really not much to talk about. Everything is moving according to plan as I saw it. I post my gold chart next. And by the way, gold closed below the 20 DMA. No Juice? hmmmm?
AMEX:JNUGLong
by SalN
5