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Bajista (Short like HELL) till September

已更新

Another final leg and dramatic leg down to check the covid lows during September this year.

1) Shorting to 30 I consider a low risk trade, but this is me and my risk analysis.
2) Once in that level (28-30), GDXJ could bounce a bit . Most probably is that it wont be A MAJOR low, as I wish and would like. I have not considered the posibility of visiting the covid levels until now but I think they will (Miners). So if prices breaks previous lows (25,80$), it could go there easily.

Now i give high chances for that to happen. So as and investor, I would sell miners now and wait until September to buy them back again.
And as a swing trend trader I short like hell and reduce my exposure as trend advances and gets close to target, because the risk of a change in trend (again to UP) at any moment gets higher.

Gold also down back to 1680-1720 levels.

September Shirt (Buffalo Tom)
youtube.com/watch?v=iDySkruLnOM
A modiño.

註釋

No Changes
Lighting and thunder before the storm. Storm that i fell will afect other commodities not just metals and precious metals.

SIn cambios. Bajista 100%
Los movimientos de repunte de estos días son como los rayos y truenos que anteceden la tormenta, que me da que afectará a otras materias primas, no solo en los metales preciosos.

交易進行

My only concern from last week action is that MINERS still move a bit up before falling, and this move could extend till end of the monthor beginnig June. Depends on dollar and Gold.

交易進行

Idea keeps going. I think the final bottom will come later, may be October, could be November, but September is a bet early. Could happen, but as I see the whole thing: DXY, GOLD, and indexes (GDX, GDXJ), i am more confident in late October - November at the moment.
I am begining to post my ideas in Spanish, and i think that anyone interested in the charts can only read them changing the language to spanish and see the bell with advice, even if I am in the following list, i think you wont get the advice. Thats how TV works. Dont know if the email works in that case, better.

註釋

It did not fall as much as I expect, so far.
I closed my short positions and open long (small one) till end of july.
Dollar will probably bottom 98-99 and then we have to see what happens.
End July Fed meeting could rise interest again.

註釋

So the rest of the month is bullish and GDXJ could go again 38$ level.

註釋

Or even 40$-41$ the most. I dont think it will pass this level.

取消訂單

I have updated my view. Bearish game is over.
Sector could enter in superbullish mode.