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Re: Silver/No Secret *PIC*
In Response To: Silver/Trades ()

Silver has been a sick puppy ever since its blow off top in late April along with the stock market. The 20ema is now below the 50ema which is below the 200ema which is a bearish trend. And the RSI 21 is below the 50 line and the Modified MACD is below the 0 line. Seasonals have not been on track this year and seem to be about 6 weeks early so wouldn't bet my life on a typical bullish Dec/Jan run up either. The major moving averages are acting as a band of resistance above price. Nothing positive about the chart presently. And that's all I pay attention to other than sentiment when at extremes. After a blow off top a market has trouble ever regaining its momentum again for a very long time as a rule. Even a strong stock market serge hasn't helped Silver which is a bearish sign.

Messages In This Thread

Re: Silver/No Secret *PIC*
Re: Silver/No Secret/Thanks Trades! *NM*