Hey guys, As Silver is holding above the green line outlined in the previous post and the Us100 has a bullish divergence on the RSI in the 1 hour timeframe I believe we will see a good start to Feb but unless something fundamentally changes in the world economy with Inflation / Fed policy the market will fall from this bounce. This is also backed by seasonality of the markets into FEB/MARCH and also a bad January has led into a bad February 70% of the time over the last 60 years. So with that in mind I have my eyes on the 10yr and 2 yr yields, silver and the CPI coming out Friday to show me when and if this analysis plays out, if we get and inverted yield curve, silver breaks to the downside and/or CPI still hot then the market has its catalyst to fall.
