Monday, December 15, 2014

JDST might provide some insight on whether JNUG is ready to turn or not.

5 rail bumps with a slight 5th wave throwover so far which just happens to also coincide with the 38.2% fib.  It would be a fine technical place to turn lower.  Of course there are no guarantees.  But JNUG also hit the often bottoming level of leveraged ETFs ($2) at the same time. 

Tomorrow we will know a good deal more.  In cases like this I would normally like to see a bit more of a throwover so maybe this isn't done yet.  But I would not buy this JDST chart.



1 comment:

  1. Thx again cap. Building cash to hop in the jr miners when they turn again. Epic value play and extremely hated atm.

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