Gamestop now hitting some quarterly defined resistance via a 18 year old pivot line. A March close above that pivot line will make it support... then all hell breaks loose! Enjoy #wallstreetbets! #gme $gme #gamestop
Multi time frame analysis shows US Dollar turning the corner on daily time frame. If this continues, then it will start winning games on weekly chart. If it starts winning on monthly chart, we will have to revise longer term outlooks.
All bets are off for how high gold can go once outer orbit is breached above 2900$.
Fibonacci circles each having their own... If silver can break free of current orbit at 42$... It's heading for Saturn!
Watch for momentum building in favor of silver vs US equities... A cross from negative to positive territory is UBER bullish.
When in a commodity bull market, a rotation occurs naturally between copper and silver. The ratio chart shows you which one should out perform. It's now silver's turn to shine bright!
This could be the quarter silver senior miners put in a bottom vs spx. Creating a higher low. Possibly defining an important arc which has a road map for silver to out perform US equities.
CRB Index has same angle of ascent as 2001-06 run. 275$ target before drop in mid-cycle low. #commodities
Quarterly chart for $hui looks great... specially if it can close Q1 back in arc with a March close above 290. Wick would simply of touched breakout line and be remembered as noise from smaller time frames. Target range is 510-570 before 2023.
Exhaustion sell-off with violent opposite rate of change, similar to 2008 bottom. This is why you don't trade silver... you hang on for dear life!
+10 times price action was BELOW 15 month moving average only to close back ABOVE in 2000's run. We just having our 1st occurrence below it. Daily traders getting ripped to shreds.
When open interest hits rock bottom, if the price action refused to make a new low, that is hidden bullish divergence! Rocket Time!
In an uptrend, higher lows is the name of the game! Open interest fully resets, yet price still higher. Fuel UP!
US dollar rising will not help anyone. Gold vs silver ratio still not showing any signs the bull era is done with. A US equities side way move would be optimal for precious metals. #gotgold #gotsilver #debt #fintwit #usdollar
Silver's Weekly Historical Log Chart and the period where fed lost control of 10 minus fed fund rate spread.
Fed lost some control from March 1969 to Sep 1981. Since then, they are master or the ring, and the curve! Notice how gold behaved inversely during the 1970's. Expect the unexpected.
Time for silver to take over the lead... thanks copper, it's my turn now! Silver should move BEFORE copper makes new monthly defined highs...