In early January UGL and GLL charts were looked at for possible Elliott Wave formations and price targets. UGL was speculated to be at an internal wave 3 of 5 top and possibly in the midst of a flat correction…
UGL and GLL Trading Trends
In early November 2010, these ETF’s were spotted to be making some turning point lows and highs. Particularly, the UGL chart was trading in step with an Elliott Wave sequence. This chart shows the wave count of UGL from the…
Trading UGL and GLL Gold ETFs
GLL is the ProShares Ultra Short Gold ETF, and it doubled its volume today. UGL, the ProShares Ultra Gold ETF made a 52 week high. One chart has gone straight up and the other straight down. Simple enough, but a…