7/3 natural gas update
added upper new slush trend area is shaded area at 2.90 to 2.87 / 2.86
this is the new channel top area
look and expand volume for the last few days and note big red down volume
this is key to NG new trend
AS 7/4 is a Holiday could the Monday effect hit on 7/5 and spike down ..good chance
OF NOTE: the broad mkt has been selling off since 4/11 (remember this date)
in mkt down trends near always (GOLD) is the place they go
doesn't look that way this time .. means chips are getting pulled from the table
not a healthy sign
Be careful out there traders its rough out there
this is the new channel top area
look and expand volume for the last few days and note big red down volume
this is key to NG new trend
AS 7/4 is a Holiday could the Monday effect hit on 7/5 and spike down ..good chance
OF NOTE: the broad mkt has been selling off since 4/11 (remember this date)
in mkt down trends near always (GOLD) is the place they go
doesn't look that way this time .. means chips are getting pulled from the table
not a healthy sign
Be careful out there traders its rough out there
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