merkd1904

merkd1904

Anyone else catch this on the 15 Min?

merkd1904 Updated 

Due to the bearish divergences on all timeframes tracking back all the way to Jan if you look back far enough i feel like this was a long time coming. But due to the state of play elsewhere in the world we were melting upwards. There needed to be a catalyst either way for the market to definitively pick a direction, i fear we may have found it, and it says...

merkd1904

Possible Cup and Handle continuation pattern printing for SLV. More pronounced and confirmed on XAGUSD. We'll see if it plays out especially with Fed speak later today.

merkd1904

Possible Cup and Handle continuation pattern printing for Silver. We'll see if it takes off especially with Fed speak later today

merkd1904

There may be a possible Head and Shoulder reversal pattern printing on the hourly chart for SPY. First target would be the $298.20 range and if that does not hold secondary target would be $297.00 with marginal support at $296 and major support at $294.50. This is negated if price reaches above the break down candle from Yesterday morning 07/29 @ $301.93. If...