The Weekly VC Price Momentum Indicator
ETF’s, Futures Swing Trading Instructions weekly
Signals are automatically generated by integrating electronic prices and weekly statistics with proprietary algorithms
Direxion Daily Junior Gold Miners Bull 3X Shares (NYSE:JNUG)
WEEKLY SUMMARY
TREND MOMENTUM: 20.17 Bearish
PRICE MOMENTUM: 18.71 Bullish
PRICE INDICATOR
EXIT LONGS:
2) 20.84
1) 20.11
EXIT SHORTS:
- 17.98
- 16.58
WEEKLY TREND MOMENTUM
The contract closed at 19.38. The market closing below the 9 SMA 20.17 is confirmation that the trend momentum is bearish. A close above the 9 SMA would negate the weekly bearish short-term trend signal to neutral.
WEEKLY PRICE MOMENTUM
With the market closing above The VC Weekly Price Momentum Indicator of 18.71 it confirms that the price momentum is bullish. A close below the VC Weekly, it would negate the bullish signal to neutral.
WEEKLY PRICE INDICATOR
Cover short on corrections at the 17.98 - 16.58 levels and go long on a weekly reversal stop. If long, use the 16.58 as a Close Only and Good Till Cancelled order. Look to take some profits on longs, as we reach the 20.11 - 20.84 levels during the week.
Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed herein constitutes a solicitation of the purchase or sale of any futures or options contracts. This report is for educational purposes only.