Tuesday, April 15, 2014

Tradable peaks forming in RUSS and JDST

Markets have been slow from my perspective of wanting to short tops. But now there is finally some action happening. First off RUSS have had a huge peak recently and it is therefor expected that it will be minor follow ups, testing resistance.

It's not clear how far up it will creap from here but this is a good area to enter a short and keep adding on further ascent.

It's almost the same story with JDST and DUST. I prefer to trade JDST because of its larger swings but since DUST has been around longer it is easier to chart.
I've marked a probably resistance zone in the chart above. While I think RUSS can be traded already now I am still holding on for further move up in DUST.

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