abenoit2
Long

Needs to show hold and move up

AMEX:SLV   ISHARES SILVER TRUST ISHARES
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Otherwise break down to 14s. I think we'll see a break and move out of the descending triangle , but I could be wrong, watch the RSI trendline , MACD at 0.
Gold and Silver both heading for crunch time later this year. Uptrend since beginning of 2016 (and further back if you believe it) meets April 2017 downtrend. Fed rate hikes and bond yield rise, plus December tax sell off could be catalyst for big move either way. I intend to be almost all cash by then. If the indices continue to execute H&S then the trend could break sooner, but without a major catalyst I think it will trade in the triangle.
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do you think there will be a break out on the upside or down?
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