We have a nice descending triangle, not sure it will be straight up from here however, as we could have a pull back first , but if this plays out we have a nice gap above to target. First target is 200ema. Not financial advice, dyor
The fund seeks to meet its investment objective by investing under normal market conditions in any one of, or combinations of, Financial Instruments (including swap agreements, futures contracts and forward contracts) based on the fund's benchmark.
ZSL provides a short play on silver as an ETF using futures diversified for times to expiration.
At present, it has a strong up and scores a 6/8 by the Mark Minervini criteria.
A Doji candle a few days ago signaled the end of a brief pullback and so an entry point.
XAGUSD as shown on the thick red line is trending downward.
The RSI oscillator in conjunction...
For some while now, we've seen ZSL making it way down, but for the past 460 days, institutions have been accumulating their orders and looking to take the asset up.
Confluences:
- We see a steady decrease in volume immediately after price reached selling climax
- Also after so many days of accumulating, institutions gave us a nice shakeout/spring which also...
Silver is looking to Bearishly close the weekly below $22.6 and if it does then i will be buying call options expiring in a few months for this inverse ETF of Silver.
However if silver can get a bullish weekly HA candle Close above $22.6 then i will look to trade silver bullishly.
For now i have only lightly gone into the bearish trade for silver but will get in...
Since Nov 2015, SLV is always not held well in Nov, and an opportunity for long ZSL is here. Entry price 8.4, aiming 10.5 or even higher. If ZSL drops to 7.8 in the next few days, I am adding more. Stop loss is loose around 7. Betting on the retracement cycle of silver repeats itself.
Looks like the 200 hullma will hold for now for 45 min.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Volume just spiked and look like there will be a breakout.
ADX line shows that the down trend is over for ZSL near term. .
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure...
This indicator may be signaling that ZSL's price has momentum to move higher, since its current price exceeds the price logged 14 days ago. Traders may consider buying the stock or exploring call options. I backtested 93 similar cases where ZSL's Momentum Indicator exceeded 0, and 77 of them led to a successful outcome. Odds of Success: 83%.
