$SLV New Fib Support. Next support, looking at the $12.77-13.06 area. Going long $USLV on buy signals if it holds.
SLV
Bullish DXY, Breaking above aug 13th close of $96.13Bullish DXY, Breaking above Aug 13th close of $96.13. If it closes above that today, the .618 fib level is next target. Bearish Precious metals $GLD $slv until Nov 7th FOMC, Rate hike could send dxy down, as thats what trump wants.
Bullish gold, Flag on daily chart. Fib level .238Bullish gold, Flag on daily chart. Fib level .238 $1225, Possible US vs Saudi arabia tensions. QQQ and SPY barely holding 200 DMA. FOMC Nov 7-8
Mid-Term elections and forecast based on game theory - A divide Game theory has the elections outcome pegged, and based on that, this is the market prediction. I have upgraded this AI to include the new chaos theory. Very interesting results and are playing out exactly. Such as "a divide within"
Here's a taste: The democratic party division of the party itself.
When and where?
For more, you can contact me. Now custom game theory runs are available for corporate events, other parties, etc....
$SLV Bullish Credit Spread (Oct Monthly)Medium term bullish credit spread on SLV ( silver ). As silver attempts to break above 14.35 (spot price) we have a unique opportunity to profit on a 1 month bullish credit spread.
Entry 13.44
Max profit 14.50
Break even 13.70
0.26/1 risk/reward
Silver shows signs of life. Silver dropped more than I expected on my last post (see link below). The longer term uptrend line (dashed ) did not hold but the low from 2016 was not taken out. You can see volume has been up for awhile in the weekly chart. Have positive reversal in the weekly RSI.
$SILVER / $SLV Bullish move ( 1-2 months)Watching Silver spot attempt the two resistance points labeled. Going long for 1-2 months.
Gold - It's make or break and it looks like breakFrom the bullish price action I discussed yesterday, price pushed significantly higher very quickly. Price pushed into the key resistance zone of 1205-1215 last night and this morning broke above, reaching as high as 1218. This 1205-1215 zone was a critical zone to hold as it is a major road block to gold putting in a real bottom. Unfortunately for the bulls, price was slammed back down and formed a very bearish evening star pattern. Due to this weakness and golds inability to hold above this zone I think we could see price tumble back lower to trend line support(1200), first key support(1190), and/or second key support(1166).
SLV - Long Term Buy and HoldI have purchased a large tranche of SLV to begin building up a long term position in the very beaten-up precious metals sector. I am not convinced the bottom is in quite yet but we are likely close. I have begun seeing articles about how gold/silver investing is dead and some articles go as far as saying the price of PMs will never recover. Price extremes, extreme statements in news articles, extreme positioning, and capitulation by the perma-bulls often mark the beginning of a bottom. Why I have chose silver is due to the Gold/Silver ratio now being towards the top of a century long extreme.
Let me re-iterate that PM's could continue to bottom for the next few months and correct even deeper but as a long term buy-and-hold strategy, any future price drops will offer opportunities to average down. My time horizon for this trade could be 5-10 years or longer. Once price does rebound and begins rallying, owning the stock outright will give me an opportunity to sell covered calls against it and begin generating consistent returns and lower my cost basis even further.
GLD - Gold Tries To Get Up From the Mat - RSI Bullish DivergenceGold has been getting hammered in recent weeks. But now could be the time for GLD to get off the mat.
The big glaring point is a three pointed bullish RSI divergence on the daily chart. Other indicators are also oversold, and have the whole road available to travel.
Also, previous behavior in GLD is that it often forms these V-bottom patterns when it reverses...and often times 50% (or much more) of the move retraces in the subsequent days-weeks.
As such, I'm taking GLD here. Currently at $144.33... $121 is my first target, and I believe it would get there before the end of September.
Travis
JMJ - IUOGD
SILVER IN CRASH MODE - USDOLLAR to 1021. Wave (X) is a complex correction, in that wave "X" is a triangle.
2. For me wave a) has finished and we are in the b) wave
3. I am expecting the wave "C" has to fall below the spike happen @ 14.390
to finish the wave (X)(red color)
4. Lot of possibilities wave formation and it may go messy too...
but for me this may happen here...dont bias on this..my stop
is in 15.600 below for the previous buy given @ 16.050-15.900.
5. I am looking my long position to closed once it reached and cross
above the 16.200 zone.
SLV - Make it or Break itSilver and gold will either be heading up very soon, or taking another dive. This is either a complex WXY correction that is ending, or the entire price action from late July has been a continuation triangular pattern.
Silver Higher from Here?I'm liking the 5 waves up, 3 waves down on silver futures. So far so good, need to see strong move up from here.
My top 2 outcomes for DXYElliot wave theory works best when wave structure becomes clear. It seems to be with DXY. Trading USLV and DSLV keying in on the DXY chart for clues.
This is crazy.. Mind Games...Via paper sells this is getting uglyer. They are trying (fed) to break people minds. With this price action when a person look at the chart oh its dead.
Come on man..
Still waiting big rally but the chart is dead need to breakout !
When breakout Sky rocket...
SLV Shares Silver Trust, Down before up? Lets see!Keeping it simple!
If you have checked my other charts please do, as they are mostly all playing out so far.
SLV is not the best stock for silver, as AG is a much better "silver investment" , but Ill go through this one real fast.
Looking for a fail in the wedge, because we never get what we want, (silver boom). Pull back to targeted areas.
I've also labeled a short term bounce to watch for, to top of wedge.
We have sell signals on the daily, with no currant buy signals. (Could result in no small bounce, straight to my target area.
We have our bolly band getting tight, and wedge coming to the end. There is also no momentum change in selloffs just yet.
The wedge rolls into new years, which would be a perfect storm for it to make a huge dip to lower supports before rising into the new years. (prepping for a bigger crash then)
There is also the Ichimoku turning bearish. These are all on the very important daily.
Another huge note is the WEEKLY squeeze, Im assuming it will fire short, to complete my graph.
Ill be selling my SLV on the next bounce, and will stay out, to relocate into a better silver investment such as AG or just buying silver raw, as over time this stock has proven to be failed compared to many other commodities.
Be sure to check out my other graphs, and FOLLOW with a LIKE! :) as if you did you would have saved a nice % in doing so. Not legal advice of course!
Happy trading, debating and speculating! I want everyone to win!
SLV Bottoming?Silver hitting some big fib lines (78.6 retracement, 68.1 extention). Dollar showing weakness on RSI = Good for Gold/Silver
UP NOW?matching candles reversal, 9 count DeMark (and S13), 3 devs down and other buy indicators on Day chart. Could surprise with more downside yet, but I say odds are Hi Ho Silver...Away!
Is it time to start buying silver?? I think so.Back in March I suggested we would likely have one more drop in SLV (see link below). Its taken a while but it has happened and the target I had then has been reached. So far today SLV is up 1% on a gap up. May want to wait to see if the current downtrend line taken out. Process your way.
Silver/Gold Triple Three Pattern? HelpSpent a silly amount of time on this. Every Combo pattern seemed off until I came across this one.
Wanted to focus only on Elliot Wave Theory. I'm trying to learn more about combination structures WXY and would welcome an expert opinion if any have one.
There's some sort of double corrective structure going on here in Silver, I can just smell it. But can't put my finger on it.
I'm reaching far out on this one so it could easily get invalidated, but it corresponds nicely to what I was originally thinking would play out in Gold/Silver over the next year. It took me a very long time before I realized that we might only be half-way through this corrective period, and this is the only structure that fits given that we only have half the price action to speculate off of.
Just throwing a stray metals post out into the ether of bitcoin posts.
This is the link to the idea:
www.google.com
