We entered our TQQQ trade the day the stock market bottomed March 23rd. We will re-enter a long trade sometime during the next 14 days which should prove to be very profitable regardless of which pattern the share market takes in its recovery.
Gold has given a sell signal on the 4hr chart - not shown above - but the daily chart needs to follow through. We believe you will see this in the next 2 trading sessions.. Remember, assets go up like escalators but drop like elevators so patience is required. Our favored target zone is 1590 next week.
With gold and the share market expected to drop into the next 7-14 days our DUST trade should be a short on steroids with downside pressure from both asset classes pushing the miners lower. The miners are stocks but also influenced by the underlying commodity they mine, GOLD. We expect this to be a very fruitful trade over the next 2 weeks. 4hr buy signals have already occurred.
HFZ