COMEX:SI1!   Silver Futures
8.22.21 Russell Silver : Last week the Russell reverse that the support area, and looks like it might go higher. If the market turns and starts to go lower, this would be of concern because this could be the beginning of a much bigger move lower and a doubling of the range box. Silver is at a support area, and it too did have a minor reversal. However, it barely moved higher and now it has started lower making it difficult to say if this is simply a small retracement that will turn into a failure to make new lows, and reverse before it makes a new low, or is this a bear flag that is about to make new lows. If I had gotten into the silver on the buying tell, I have to make the decision to keep the small stop and hold a long position., If I had missed the entry in the first place, I have to decide if I am getting my second chance to be a buyer, or decide that I should just wait for another opportunity at the market. The other possibility is that the market could move significantly lower.
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