Do you guys also see it?

Major Bear Flag on Weekly. I would be cautious because there are severe warnings all across asset classes that another global dip is incoming.

Note

Week of May 4th closed exactly at the retest of the bottom of the flag. So, the idea is still valid, although my puts hurt :)

Note

"I might have been a bit early, but I will not be wrong"

Note

I think silver is about to burst any day now.

Note

Obviously I'm biased towards the great bearish move, I think the last line of defense here is where we are now. We are testing that major bear flag line. I expect the pattern to withstand if global markets experience a crash in near term. if this doesn't happen, bulls won on SLV.

Repuzel

Related publications

Bear Flag on S&P 500 Weekly

by Repuzel

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