Target hasn't changed. Still expecting another low at this point
Bullish scenario hasn't played out. Looking similar target for C as previous
Still leaning bearish right now. Hasn't hit targets yet where I will reassess
two scenarios I'm looking for. Similar to GLD count. Leaning bearish with finish around ~21.
Not much has changed or invalidated count yet. Still projecting to around ~23.75 but was expecting lower in this move based on other moves. Still watching out for a more bearish scenario.
Still looking for a bottom in wave C. It seems to be lagging in count behind GLD right now. Also watching out for a setup for deeper correction
Still looking for the 21 to 23 range right now for a Wave C bottom/4th wave. Get more bullish above ~25.5
Believe we are in a 4th wave correction. Expecting this to continue to correct for a lower low in this move ~23.1
Please watch, follow tell your friends, Trader Rick
On July 24th, SLV closing over the 2016 August high of $19.71. The next Fibonacci level (.786) is $23.48, then $26.93. On the options market, August calls for $22 was over 7000. Sept $22 calls over 12000. July 23rd, a $24/29 October call spread bought 20k in volume. FOMC meeting is July 30th and expecting jpow to say they are printing more money. Hope you all are...
Hello everybody, I am seeing a huge opportunity for Silver bugs. It looks a lot like a silence before the storm for the upside. If Gold ends up going ATH, i think there will be more money moving into commodities such as silver as well. I believe this may be the Altcoin idea you have been waiting for. It almost looks like 2017 Ethereum buying opportunity. DO YOU...
Monthly Chart shows a very nice Bull Flag for SLV A long stock play can be done if I want to hang onto the stocks for a few months. The length of the flag pole shows about a $3.5 move, so an option about half way up that move with the expiration of March would also work. In fact. I'm looking at the decently16 s priced strike that expires on March 31 2020 ...