ASX listed SVL simple trendline support on daily + seems like volume is decreasing on the down waves and increasing on the upwaves. Divergence can also be seen if you overlay the Monster Cumulative Delta indicator however It gets a bit messy so i left it out.
just noticed williams vix fix is in the green as well indicating a bottom.
Waiting for weekly close above 18.328 to confirm next leg up to 20.00.
Gold/Silver ratio may also be forming a bearish H&S formation which may signal silver bullish bias to persist through 2020.
Usually a bad sign for US stocks.
You can view my other charts for long VIX short gold/silver ratio for reference through my profile.
I'm long silver through micro cap...
