A day after the big FED news ; price is rangebound
Silver remains in a longer term downtrend - even with the Fed driven asset bubble's announcement yesterday to continue to print money - Silver remains in a longer term down trend; - Back and Fill - move along - nothing to see here.
Gold Exploded higher on lack of FED Taper.
A good example of why you can't be in the market during FED announcements - volatility kills.
Today was an inside day - YH=171.11 YL=170.47 Gap 170.31
The trend line back to 9.3.13 is offering support for SPY
Large Unfilled Gap Price Action moved lower yesterday 171.24 is untested 170.50 offers some resistance
1. Opening Swing .43 2. Selloff near thursday's high 3. Price moves below thursday's close 4. retest prior day's low 5. close above prior day's close 6. 11am price moves higher into bull flag