SwingTrader95

SLV WAIT FOR CONFIRM SHORT OR LONG POSSIBLE

AMEX:SLV   ISHARES SILVER TRUST ISHARES
SLV false breakout or sideways pattern possibility, wait 2 days. This could be a false breakout, making a SHORT possible in the next 2 days, based on the Intermediate Resistance turned Support level at 15.20(BLUE), based on 4 hits. Otherwise it indicates a LONG toward the next resistance level at 15.90(YELLOW), based on a sideways pattern occurring from Feb `18 to Jun `18 until it broke out. In the case of SHORT watch for Support level 14.80(ORANGE) based on 3 previous hits, and a lower return back to the 1-year major trend-line (WHITE). Shorting possibly all the way down to 14.05.
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