We have a full moon coming up. The trend has been to short on the new moon go long on the full moon. I am going to cover my shorts and look to re short at a better period. I am picking up UNG premarket at $9.48 it signaled a buy when the 10ema crossed the 20sma on the 30day hourly chart. On the daily we are above the 10 ema on the weekly we have a bullish divergence with MACD lines and histogram. Also volume is subsiding on the way down which is a bottoming signal to me.
Longer term i think we can look to short the market really hard after January 6th. Will probably do some day trading. Hopefully we can get a maximum overbought scenario in the next couple of weeks. This will set up to be the best shorting opportunity of the year.
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