college_trader
Short

$SI_F $SLV Short

COMEX:SI1!   Silver Futures
217 1 0
I am looking for a $19.1~ area target to the downside. Small stop for news risk. It has broken out of range to the downside before but quickly recovered. I plan on reversing this position to a long at some point as I believe the November data will be weak and will therefore remove the possibility of a near-term taper.

The horizontal yellow lines are the retracements from the August 7th low of $19.10 and the August 28th high of $25.12. It saw a consolidation within the current levels before rallying on the past news of continued stimulus.
Sweet.
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