Looks like natgas has broken symmetry on this latest push up
this morning. May be forming an inv. head and shoulders, so
probably wisest to wait for a pull back.
I'm no trading genius, but looking at a chart of USO and it
looks like a low risk long entry with a tight stop. It's
sitting on its 9ema, also on trendline support. There is
absolutely no divergence in the 5 rsi, which is also still above 50
after consolidation. Stochastics are embedded above 80.
In the negative column, price is nearing the upper bollenger
band on the weekly and monthly timeframes. Is this a case of
waiting for it to break to the upside before taking a long?
Any comments welcome.
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I Get SPY 204.73
Spy Mechanical Systems
Posted by 2thguy on 27th of Mar 2015 at 10:15 am
I Get SPY 204.73
Spy Mechanical Systems
Posted by 2thguy on 27th of Mar 2015 at 09:45 am
Hey Matt... What would SPY have to close below for the systems to trigger the final 24% allocation?
Nevermind. I looked at the newletter.
UNG
Posted by 2thguy on 15th of Jan 2015 at 10:49 am
Nevermind. I looked at the newletter. Gap fill isn't until 17.60ish.
UNG
Posted by 2thguy on 15th of Jan 2015 at 10:37 am
my charting software isn't the greatest. Does anyone know if natgas filled that gap yet?
ung
Posted by 2thguy on 14th of Jan 2015 at 09:41 am
Looks like natgas has broken symmetry on this latest push up this morning. May be forming an inv. head and shoulders, so probably wisest to wait for a pull back.
So basically wait for it
USO
Posted by 2thguy on 28th of Feb 2014 at 10:52 am
So basically wait for it to break out of its consolidation triangle to the upside before taking a long position?
USO
Posted by 2thguy on 28th of Feb 2014 at 10:32 am
I'm no trading genius, but looking at a chart of USO and it looks like a low risk long entry with a tight stop. It's sitting on its 9ema, also on trendline support. There is absolutely no divergence in the 5 rsi, which is also still above 50 after consolidation. Stochastics are embedded above 80.
In the negative column, price is nearing the upper bollenger band on the weekly and monthly timeframes. Is this a case of waiting for it to break to the upside before taking a long? Any comments welcome.