TimZhang

TimZhang

In the next 24 hours.

TimZhang

This positive divergence shall play out at the bottom vs at the top - negative divergence. Two trend-lines on the price (downtrend line broke and being retest).

TimZhang

Bullish divergence on daily, a bounce is definitely going to happen $UNG $UGAZ

TimZhang

The end of the dark tunnel for $UNG $UGAZ is nearing.

TimZhang

short squeeze will happen. Price is above cross over over the mid-line.

TimZhang

Dip to 3.075, NG is on wave 3 move to 3.27 on 8HR chart.

TimZhang

here is why..

TimZhang

And TD sequential was at 9 too, moved up to 3.12 $UNG $UGAZ

TimZhang

12 HR and daily chart reached to TD sequential 9 and is above 2.88 support. Target $3+

TimZhang

So it has a good chance to pullback before rate hike speculation starts soon. I see 1277-1298 trading range for coming days until rate hike is done. Next Jan see 1300+.

TimZhang

112 and 111.50 are support areas, bounce back to 113.3 is next move.

TimZhang

112.03 is 200 weekly support, shall bounce to 113.3 then drop again next year.

TimZhang

A pullback to 1280s is likely, the path is on chart. $GLD $GDX

TimZhang

Buy at market open, pump and dump $SPY, the path is clear.

TimZhang Updated 

Short at 113.70 and target 113 and lower, stop 113.80.

TimZhang

Be cautious, another 30-50 points drop is not impossible.

TimZhang

Good luck to $GLD $GDX $GDXJ $JNUG $NUGT

TimZhang

Shall bounce back again next week.