Long NG - Fifth wave coming before next drop/explosion 12th July

8 Jul 2020

The 12th of July will be a crash or explosion date. Since the price has already crashed it's more likely to explode if it breaks the upper longterm trendline. I think the stock market will crash/make it's peak parallel to an NG explosion event so plan to do some shorting aswell this week.

8 Jul 2020

Nota

We might actually have another leg down to 1810-1790 area before bouncing up again. Going short if we don't break 1900 with conviction tomorrow.

9 Jul 2020

Nota

Here's another thing to thing about, I keep mentioning the algorithm correlation between VIX/SPXU and NG. Buffet did a 10 billion purchase in the industry recently, Has he just changed hes market centiment to bullish? I don't think so. Rather think this is his hedge.

9 Jul 2020

Nota

Big boys will start shorting around 1900 if we don't break it with conviction. I think were in a 5 wave just starting wave 4. So if that's the case it would fit the picture. That would be the top of a B correction on the 4 hour which means a big C drop expected around that area.