BOW, is this true?

May 18, 2011 1 comment

Hi all,

All of a sudden, BOW is the name of the game.  Why?  Is the $ falling?  Is the Fed printing in force?  Who knows, I guess old habits die hard.

BOW = buying on weakness

Is BOW good?  It is only , and only, if you know what you are doing.

VTA is not a timing mechanism, it is a system that puts you in sync with a trend.  So let’s see the charts:

$ futures, Ichimoku, daily:

If this is not advertising for fibonnaci and ichimoku, let’s see the next chart, that one sure is. 60 min $ futures:

At the clsoe today we were at 75.55 which was the support on 60 min. Now a few hours later, $ lost that support.  The short lines on the 60 min chart are the next lines of support for the $.

On the daily we can see that Fibonacci and ichimoku defined pretty well the last 3 years trends for the $.  The green oval is the next support, 75.

Now let’s see the VTA side of things:


On 2D, $ is bullish but a little extended to the upper side:

  • The sentiment is at 50 and no longer pointing UP
  • The MVO shows exhaution
  • the mccellan vol osc is at O and pointing down
  • we had some selling on the $ the last 2 days

$ daily:

On the daily $:

  • MVO is at O from upper levels
  • sentiment is horizontal for the last 3 days at 45
  • mccellan vol osc is at O and declining
  • momentum is declining
  • the buying volume is still high
  • the hist is close to start a bearish cycle, but the bullish volume may push for a new bull cycle
Based on the 2D and 1 D, it looks like we have a cooling off period for the $. this period will be probably short, like 1-2 days. To be longer, the buying volume needs to go down fast.


RUA 2days shows a full bearish cycle going on:

  • sentiment pointing down at 42
  • negative momentum
  • mccellan vol osc pointing down
  • hist and osc starting a new bearish cycle

I want to point out the 3 periods (2days bars) cycle in bearish volume bars.   Almost every time we had 3 red bars on 2 days charts, we had a relief rally for 1-2 days.  We need to pay attention, if the rally is not only for relief, the McClellan vol osc , sentiment ,buying vol and momentum need to start going up and fast, in the next 1-2 days (I showed in the past what happened when the bull was in full force).  Based on the high selling volume and the $ cycle I am not hopeful for this possibility but it is a scenario nevertheless.

RUA 3K 1 D:

The 1D is still bearish:

  • selling volume higher, just a little , than buying volume
  • momentum and McClellan vol osc are in red and pointing down
  • hist and osc slightly negative

I’ll say that if any bullish scenario is about to happen, it needs to increase the buying volume and fast, tomorrow !

Let’s see gold , GLD:

Gold is a bearish as well, we have only a bullish sign, small sign, elevated bullish volume (not higher than selling, but still elevated, not at O).  For any direction, the selling volume and buying volume need to increase the distance between them.

It is almost obvious now for everybody that follows Salad posts that gold is bullish if the RUA is bullish or if the $ goes down.

Gold 60 min :

For any gold bugs out there, gold needs to clear out 1495, 1500 and the biggest one 1508. Now for any gold bull, 1473 was great level to enter today.


Based on the Ichimoku and Fibonnaci retracements levels, the $ is about to suffer a correction.  First target for $ is 75 , then 74.73 and last one 74 unless a full retracement happens at 73.18.

Based on the elevated selling volume on RUA and Gold, this $ correction is supposed to be short lived.

For any sustained correction in $, the buying volume need to come into the market for RUA and Gold. So by tomorrow evening we should see buying volume come in the market for any bullish scenario to hold water.

As a parenthesis, I may be mistaken but it looks Ichimoku works well with Fibonnaci: like maybe you do not know where to start fibonnaci or where to end it.  Fibonnaci helps.

So now we have VTA and Ichimoku and Fibonnaci to help us to clear the water.

Is the water cleared?  Please comment with an answer.

Good luck !!!

Categories: Uncategorized

Bearish signs everywhere


I closed all positions this week and I plan to stay this way for some time. I need a rest from risk.   At the same time I need to study more the signals and my take on the market.

I will continue to blog.

Now let’s see where we are:


As you can see, $ is bullish all the way:

  • we have positive history, declining, but still positive
  • the MVO is very high
  • momentum is high and points UP
  • Sentiment is in the middle, around 50

Let’s see USD 60 min:

On the 60 min we can see the $ close to the next bearish cycle. The few last bearish cycles were not effective, meaning we have as you already know, a bullish $. The next bearish $ cycle will give us a hint about the 1D bull cycle continuation.

The target for $ is the 200 DMA: around 78.35.

RUA 3K 2D:

On 2D, RUA 3k is bearish:

  • selling vol up, buying vol down
  • sentiment points down
  • momentum down
  • hist and osc about to go negative

RUA 3K 1D:

On 1D , RUA 3K had a bull try:

  • selling vol decreased
  • buying vol increased and then stopped
  • we have a small positive hist and osc about to turn positive
  • sentiment is at 50 and momentum is still positive

Based on the 2D and 1D we may have a double bear developing on the 1D cycles. To negate this possibility we need elevated buying vol on the 1D chart.

Gold GLD:

On the 2D cycle, GLD is bearish:

  • momentum is down to the max
  • sentiment is at 41 and horizontal
  • almost no buy vol and selling vol increase
  • the MVO is going UP. This is bullish.
  • hist and osc are negative


The 1D GLD:

  • hist and osc are slowly increasing
  • the buy vol is being eliminated, sell vol decreasing
  • the small positive MVO is decreasing
  • sentiment is UP at 67, momentum is negative
  • RSI is pointing down

It looks like the gold wants to keep UP but nobody is buying with force anymore. Like with RUA 3K we will know tomorrow if buying volume comes into the market.  If the buying volume is eliminated tomorrow, then a new bear cycle may start.

Gold miners 1D:

This is a bearish chart.  As you can see no buy volume at all.

Financials 1D:

Finacials have a bearish chart:

  • There is some buy volume , but the sell volume is about to cross UP.
  • The sentiment points down, momentum is negative
  • hist and osc are negative
  • please see the volume bars (red and small)

It looks the chart is bearish but no real volume in buying or selling.  I wonder why so small volume, looks like no buyers but at the same time, the sellers are nervous or are selling quietly under the hood?


The market is UNSAFE.  RUA, Gold, Financials, Energy are all in bear mode. $ is bullish.  The miners need a life line right now.

On SPX, 1329 and 1295 are points to watch.

For IWM, 50dMA, 82.90, and quarterly pivot, 81.80 are targets for the sell side.

Unless we see buying volume coming into the market, we are very close to start a new bearish cycle for both gold and stock market.

Good luck…

Categories: Uncategorized

Discipline, the only help a trader has

May 10, 2011 2 comments

Hi everybody,

The carnage in Silver made a huge scar on my brain. It was scary. I have a small account, so no real damage was done. Until I can demonstrate good discipline, my account stays small.

I sold almost half of my Silver positions close to 46-47, but I kept the remaining.  Which makes me stupid and undisciplined.  Overall I have 20% profit, but I had 150% at the high.

I thank Salad for everything.  He is a good person to show his system to the world.

The lessons I learned from the carnage are:

  • the VTA is a very good system, only if the signals (buy and sell) are followed without thinking or hoping.
  • The correlations between markets work in the context of VTA analysis;  when the $ buy volume increased, it was eveident what will happen to precious metals…
  • Did I mention discipline? I think so, but let this be a remainder, the signals are to be taken and respected if one would like to stay in this business.
  • as Salad said: Buy when others cry and sell when noise is too big around, and others cheer. Let’s go to charts

Lets go to charts:


The USD is bullish, with some divergences:

  • no sell volume, buy vol ATH
  • the hist and osc are very bullish
  • the sentiment is under 50, even during the huge rise, the sentiment was not over 50
  • the MVO is pointing down, so no fuel for a fast rise for now
  • the McCllelan vol osc just went negative

USD 60 min.

The USD almost finished a 60 min bearish cycle, but:

  • no selling or buying volume
  • sentiment points down and it is close to be under 50
  • the RSI is down
  • the Mccllelan vol osc is close to go negative

So overall, the USD is bullish (duh!) but with divergences that may help it going down in the ST.

RUA 2000;  we used RUA2000 to signal trouble in stock market, it is not 100% reliable, mening a signal needs to be given by RUA3000, but it worked to signal the fall so it may signal a bullish stock market as well.  Let’s see it:

Everything on RUA2000 is bullish:

  • bullish vol elevated
  • MVO had a tiny green point upwards
  • sentiment points UP, momentum is green
  • RSI points UP

RUA 3000:

If we compare both charts, Rua2000 with Rua3000, we can see that the RUA3000 is almost bullish, we just need another day with more buy volume. The last 3 days, the volume was smaller than usual, but given the fall in the stock market and commodities, I find normal that some money is afraid to come back in.

Gold miners 1D:

The gold miners chart is bearish, all signals show bearish signals. I have 2 scenarios:

  • we may have a short squeeze one of these days and then a more bullish scenario for the miners.
  • or the chart signals that the correction from the lows for gold and silver does not have the power to go too high, meaning we may enter a range market for the gold and silver, or even that silver may fall more (this is Salad’s scenario I guess).


The chart looks to have bullish implications in the ST:

  • sentiment points UP, it is at 55
  • Mccllelan vol osc has a green point,
  • MVO is at O, form a deep negative value
  • the momentum is almost green, pointing UP
  • the volume bars are small but no smaller than before the correction.  Some of this volume is from short covering.
  • the hist and osc are negative
  • the sell volume is still elevated and at an extreme value

My guess is that the gold will go higher from here. I may see what I want to see, but for me, the huge sell volume made the hist, osc and sell volume red line to be at extreme levels.  So now we need to see where this bounce stops.  A lot of people wait in line for a retest of the lows in Silver and Gold.  The question is too many?

For now the $ is the key, the stock market had smaller volume but not very small and the same can be said about gold.

I plan to sell the remaining silver positions when we get a little more optimism in the gold market. For now I am closely monitoring USD, RUA and gold.

Categories: Uncategorized

May2 – end of Silver rally?


You already know, Silver is in correction mode. We dont know if the rally ended at 50, most probably no, but in the mean time how do we look?


On the 1day chart, $ is almost bearish:

  • selling volume elevated (looks like oversold)
  • MVO negative
  • hist negative
  • sentiment points UP
  • Mclellan vol osc pints UP, not yet positive

Overall, the $ on 1D looks bearish but it may have a bullish day tomorrow.

Let’s see USD 60 min:

On 60 min, it looks like $ may start a bullish cycle tomorrow:

  • the MVO is positive and elevated
  • volume bars were small, not big
  • sentiment points UP
  • no selling volume

Based on the 1D and 60 min chart I think we may have small bull cycle on @ for the next hours. Unless Benny trows again with $, the PM correction will continue for at least next hours. the correction should be small beased on the small volume bars. More like oversold bullish cycle. I think before this cycle ends, $ will print 72 or a little bit less.

Gold 1D (GLD):

On daily, gold looks bullish:

  • osc and hist positive
  • the MVO is elevated and positive
  • sentiment and momentum are positive and both point down
  • the RSI points down

Overall, gold looks like is in a small correction.

Silver (SLV) 1D:

Silver is in correction mode:

  • hist about to cross
  • osc points down
  • the selling vol started to be elevated
  • the Mcclellan vol osc about to go negative

Based on the chart, silver is in correction mode. We already know that the silver margin was raised last night. based on the huge drop last night a lot of people trimmed down their position today.

We need to wait and see how will be the reaction tomorrow. My guess is that the correction will continue but on a smaller scale. I plan to buy gold once the correction is done. We need a few days to cool off.

I sold one unit of SIL ath today. (27.81). I sold half of the 2x etf hzu as well(at 54.65, 1$ under the today’s high).

Categories: Miss Market

Bought SLV and SLW

April 27, 2011 6 comments


I bought SLV and SLW today. Together they represent two units. (SLV at 44.29 and SLW at 39.55).

I bought before the FMOC based on the 60 min bear to bull cycle for SLV. Now that I look back the ideal buy was around 12 by looking at 15 min for Silver. Anyway, my entry was good, but the base trigger for it was not great.  I got lucky so to speak. I planed for it from Yesterday and this is all that counts.

If we have another samll correction in the next 2 days I will try to get in Gold as well. I am not sure what is a better instrument, GLD or a miner leader. I am studying.

Good luck…

Categories: Miss Market

Apr 26, one year from flash crash

April 26, 2011 2 comments

Hi there,

We are at the flash crash aniversary and the stock market looks it wants higher and higher. Ok, we entered that period between Apr 26 and May6…

Silver took a beating today, gold not so much.  The USD is sold in a controlled way as usual.


As you can see in the chart, the USD is bearish:

  • selling volume elevated/ no buying volume
  • the MVO is negative and pointing down
  • setiment negative

USD 60min:

I think it is important to look at USD on 60min cycles. In the last few weeks, look where the selling volume bars appeared. Every time the $ wanted to go higher, it was like somebody with a stick was hitting on its head to push it down.  These settings are not tested a lot, but even with different settings, the result looked the same: controlled selling.

Gold, GLD, 2Days:

For precious metals 2 days chart, I am looking at GLD, because silver looks very bullish, like overheating even at 2days.

On 2 days , GLD, looks bullish :

  • buy volume healthy / no sell volume
  • MVO still positive
  • momentum positive
  • sentiment is still good only observation is that it is pointing down
  • the osc is healthy
  • the Mclellan vol. oscilator shows continous accumulation even is in the last 2 days is started to point down.

Silver 1D:

Silver took a beating today:

  • no selling volume yet (it is normal, the selling volume is dependent on previous days volume types).  Based on the huge volumes in the last week, it may take a while until we see the selling volume apear on the 1D chart.
  • The sentiment and momentum are decreasing
  • The MVO started to decrease.


It looks like gold is just cooling off.  No real retracement yet.  The selling bar volume was not realy high to produce real damage to price. In the past gold was retracing based on huge bar volumes.  Now it is just playing along with the correction in silver:

  • the buying volume is decresing / no sell volume
  • the sentiment and momentum are decreasing
  • the MVO is decreasing and it is at 3 right now, close to O

Silver 60 min:

It looks like the bear cycle is almost close to an end.  We may have a double bear tomorrow, only that with USD on the slow fall, we may have just range bound prices tomorrow:

  • the selling volume is decreasing
  • the negative momentum is starting to go UP (still big negative)
  • the selling volume bars are smaller and smaller compared to this morning and yesterday.
  • the sentiment is negative
  • the RSI starts to go UP
  • it looks like we may have a bull cross on the hist, tomorrow after 11AM

In all, it looks like Silver wants to cool off now. Gold is in slow retracement mode. USD is in controled fall.

Tomorrow Benny speaks.  We will probably have wild movements in all instruments.

I plan to buy one unit of GLD and 2 units of SLV if gold goes to 1485 (or GLD between 144-145)  and SLV to 42.50-43.  I may buy based on the 60 min cycle tomorrow.

Good luck…

Categories: Uncategorized

Silver heat

April 25, 2011 1 comment

Hi everyone,

Last night as you know already, silver hit almost 50 and retraced a little during the day.


The $ is bearish:

  • relative big sell volume bar
  • small increase in selling volume
  • MVO negative
  • sentiment pointing down, it is at 37
  • momentum pointing down, it is at -6%


Silver 1D:

  • no selling volume on the dailies
  • sentiment and momentum still ATH
  • MVO still high and no decrease in level
  • RSI (the last indicator) still ATH
  • The Silver (SLV) today found support at 5D MA.
  • the only problem is the candle, it is a hanging man candle type.  This together with the high volume is seen at the blow off tops.

GLD 1D :

The same as for silver SLV , the candle is the hanging man ( a small hanging man) only this time the volume is smaller, it is not blow off volume.

Silver SLV 60 min:

On 60 min, for SLV:

  • the buy volume decreases, no selling volume
  • the RSI points down
  • the sentiment and momentum are ATH:
  • the MVO is at 0 or -1%, so we have a cool off
  • we are about to have a hist cross on the down side

Based on the charts we saw :

We may have a bear cycle (on 60 min) in the next hours in precious metals. Silver indicates a blow – off top based on volume and candle type.  The VTA does not agree with this, we need to see the MVO going down together with sentiment to have a bear cycle on the dailies.  At the same time, GLD is looking bulish and healthy.  The USD is bearish so for now no contradition with the precious metals. 

Good luck…

Categories: Uncategorized

Relentless Silver or dying $

April 20, 2011 2 comments

We live in interesting times.   The question is what happens when everybody realizes Benny acts against the $, or acts to support high stock prices ?  The question is not that Benny is right or wrong, the question is this: what happens when everybody realizes that the $ is pushed down in a controlled way?

My work colleagues or friends do not care or do not care to understand the effects of this act, of this applied crazy economics.  Or maybe I am crazy to not trow everything I own against the $ (this would be a sane decision if one agrees that what Benny does is good economics).  Anyway is not that simple but you get the point…. We already have advertising about buy/sell gold with 30 days price warranty. When we will have advertising about silver?

Let’s see todays charts:

The “MIGHTY” dollar:

All indicators are bearish.  We did not had a chance to see a small bullish cycle.  As always the volume was just enough to not push against 74.22.  We closed at 74.50.

The evil plan would be to keep it here for the next 2 days, enough for the market to break-out and then let’s see what happens.


The stock market is about to reverse on the upside:

  • the buying volume is about to cross the selling
  • the sentiment (at 63) and momentum are pointing upwards
  • hist about to cross positive
  • we had a small positive MVO

Gold (HUI) 1D:

The PM sector look like it is bullish again:

  • sentiment at 59, pointing up
  • momentum is negative but it is not elevated on the down side,
  • we had a positive MVO, small but positive
  • the hist is negative but smaller and smaller
  • the McClellan vol osc. is positive
Silver 1D:

Silver is relentless. the MVO looks crazy high but so was Yesterday.  The buying volume looks way overbought so we may have a cool down.  Everything on the chart is bullish.  Today we had some huge selling on 15 minutes but no big effect on higher time frames.  Based on this chart we may look way overbought and due for a huge correction, but let’s look at his bigger brother :


The GLD etf has 52B net assets, SLV, 13.56B net assets.  One may argue that the 2 ETFs do not have assets for this amount (gold or silver), but that is outside of the discussion.  What matters is that GLD chart is bullish and it does not look overbought.  The gold futures are around 1500 ( a round number).

What looks crazier now, $ at 73 or gold at 1600 or Silver over 50 or SP over 1400?

Good luck…

Categories: Uncategorized

Your own Tony G.

April 18, 2011 Leave a comment

Hi there,

Sorry for the late post but I worked over the weekend.

Take a look at this video:

In trading you are alone, alone with your indicators, candles, price action, volume trends, your strategy.  Nobody bothers you, but you, or anyone of your choosing. In poker, in professorial poker there is always somebody in front of you trying to take away your money and trying to play with your emotions.  In trading everybody else is in shadows, your own shadow.  This is something to think about, because the enemy is you, your decision making process is your enemy or friend.

On Thursday, I wrote that if the Silver SLV turns back to 41 Friday morning I will be a buyer if the $ is down.  In the morning the $ was not down, so I got scared.  I was not really scared but I was not ready to pull the trigger even if the R/R was great.  With a stop at 40.75 and a buy at 41.25, I thought at that moment the R/R was really good.  And a few hours later that level was never hit again.  Why I did not pull the trigger, 3 reasons:

  • I visited some blogs that inspired me to have thoughts about the PM and precious metals market correction
  • When I discovered, last week, that SLV was doing different than the miners, I got a crisis of confidence.  It was not greed or fear because I have a position in a canadian double silver ETF, HZU.  So I have chips in the game.  This position is not in the blog, I have it from way back.
  • I had a trading plan but not complete, that situation was calling for 4 scenarios and I had only 2.
Following that situation:
  • I decided to stop visiting external blogs.
  • I started to look more closely at markets relationships.
  • I will start making a multiple scenarios plan for the next trade.

Now to the charts:


We had a big day for the $. Is this the reversal that everybody is waiting for? We dont know. What the chart is telling us is this:

  • We had a large buying volume, which in the past was able to push the $ further UP if the buying was kept at the same size.
  • The hist is turning positive
  • The MVO is increasing but it is not green yet.
  • The sentiment was rising the last 2-3 days but now is at 52, not really elevated
  • The momentum just turned green
  • The buying/selling volume shows buyers in control but the indicator will cross under the threshold

Based on that, we understand why the Gold and Silver were rising today in tandem with the $.  There is no real confidence that the $ can pull up itself from the hole that Benny was digging for the last 2 years.


The market is still unsafe, the sellers were in control today and even if the hist had a smaller bar today everything else is bearish on the chart. Today in the afternoon all stocks in the DOW were negative. The selling bar was big but not so big to generate a counter trend. I think we are unsafe for now in the stock market.

Gold 1D:

The Gold (HUI) is still unsafe:

  • sentiment and momentum pointing down
  • hist and osc are negative, downward direction
  • we had a big selling bar volume
Gold 2 D:
On the 2D chart, HUI indicators are slowly turning down:
  • The selling volume is not elevated
  • The sentiment (at 46) and momentum is turning down.
  • We just had a small red MVO
Based on USD and Silver& Gold future prices, looks like the HUI and Silver PM will correct further or stay in this range helped by the increasing prices in the precious metals.
Silver SLV 1D:
Today we had big fight in silver and gold futures. The bulls won.
WE had:
  • big buying bars
  • the MVO is still pointing UP
  • the hist is smaller than Friday but only by a few.
  • the osc is healthy
  • momentum and sentiment is pointing UP.
  • gold ETF (not shown here) looks the same
Silver 60min long term chart:
This is a chart that combines long settings, it is not a fast chart is just showing direction. ON 60 min we can see that we have selling volume but smaller than the buying volume.
  • hist and osc are healthy
  • the MVO turned green again
  • the sentiment is not maxed out but it is healthy (58)
  • momentum is elevated but starting to point down
  • the buying volume is at 100%, it seems overbought , in the past when we hit this level we had a correction in a few hours after the level was hit. We were not in these special conditions (USA credit hit, $ down) so we need to wait for the market to tell us when is it no longer safe.
For now we just need to wait for the selling volume to start to show up. Until then waiting is the game.
Good luck.
Categories: Uncategorized

Silver – the market underdog

April 14, 2011 3 comments

It looks like nothing can stop Silver .

A lot of people are waiting on the lines to get in Silver, or to catch a correction on the downside, so maybe that’s why no real retracement. Let’s see the charts:

Gold 2D:

On the 2 days, Gold looks bulish: the hist, osc, sentiment are UP.  The only indicator that is not UP is the last one: McClellan volume osc.  If you magnify the chart even this indicator has a small turn around towards the UP.

Gold 1D:

On the 1Day, gold is bearish.  Today the sentiment turned UP, the momentum turned UP.  The MVO is negative.  The price of gold we know is UP today.  So based on this chart it looks like confusion.  The bar volume is big and green.  So something is not what it seems.

I think I got the right settings for the silver etf:

Silver SLV 1D:

The silver ETF looks very bullish.  Everything is UP and looks like silver is starting the crazy move.  The only indicator that is pozitive but not towards UP, is the sentiment.  The MVO is pointing UP.  The Momentum, UP, Mcclellean vol osc: UP.  We had 2 very healthy buying volume bars.

The RUT and SPX charts (not showed here) are both looking bearish with elevated selling volume.

The $1D:

As you can see, the sentiment is pointing UP, not yet over 50% (it is at 46), but everything else is pointing down.  The selling volume bar today was just enough to keep the $ down; the MVO turned negative.


Stock market is still unsafe.  We had indecision today, meaning the prices were not lower at the close, I think because the $ is sold in a controlled manner.  Whoever has confidence that Benny will make it easy (as always in the last 2 years) for them to make money, they can enter a long position here.  I think this is a tricky situation where big money are counting the beans to see how fast we need to go and where: indecision

Gold and Silver miners: look bearish and unsafe for now.  WE had higher prices for silver but the miners stayed at the same level as yesterday.  Based only on the silver price, silvers miners should have exploded today.  They did not. (Note to myself: next time get SLV in place of SIL.)

Gold and Silver: Silver is bullish, it is ATH, it passed the not a long a go High level.

Now let’s look at silver futures:

The level for Silver ATH is outside the Bollinger band (the red line).  It closed ATH . It is over a Fibonacci retracement level already.  So we need to wait and see what happens tomorrow.  If tomorrow we see prices above 42.50 I think we may already passed this level  with success and we go UP based on the charts we saw.

In the end the $ decides what will happen.  Let’s look at the $ and Silver in the morning:

if $ down and silver more than 42.50, I think it is worth taking a long in SLV.

If the silver is under 42.15 and the $ is UP overnight, we need to wait and see what happens.

The silver is very stretched on the Upside, so a correction may happen at any time.  On the other hand, the volume today was healthy .

Based on the indicators we saw I am inclined to buy SLV tomorrow if it goes over 42.50 tonight or tomorrow, I will buy one unit to replace the Sil I sold yesterday.

On the Silver futures chart are the Fibonacci levels. I think in a correction, it is worth to take a position at 39.60 and 38. But let’s wait and see what happens.

Good luck…

Categories: Uncategorized