Is a mega downtrend starting for UJ?

There could be a significant downtrend forming. $DXY $GLD $GDX $GDXJ $SPY $VXX

Komentarz:

Breakout out of months like high sloped pitchfork

Komentarz:

Brutal

Komentarz:

I suspect the final leg up here was broken today on the tight linear regression channel shown.

Komentarz:

The flash crash of 300 pips this week is only the beginning. This is why this trade is a longer term weekly trade.... we are on borrowed time for UJ and I expect an eventual steady selloff down.