On a macro basis: The failure back below 3349-50 has brought in 528 tics of pressure. The decent trade below 3184-82 projects this downward 180 tics minimum, 210 tics (+) maximum based off an ‘ok formed’ formation. We have attained 361 tics of this so far. The decent trade below 2922 projects this downward 470 tics but will require a 3041 stop. We have seen 101 tics of this so far. Trade above 2922-44 brought in 68 tics of the short covering warned about above within the bearishness.
On a shorter-term basis: The decent trade below 3301-299 has brought in 478 tics of pressure so far. The maintained gap lower on 11/3 also warned of additional pressure, likely for days.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Natural Gas and Energy/Gold complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.
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