Glewis54

Glewis54

Thus far, the price of three days ago has not been taken out, indicating a possible successful test of the recent low. This is short term bullish. On the longer term, the same three period scenario is playing out on the monthly basis. I expect a significant move up going forward.

Glewis54

SLV is exploding up in past days. A longer-term view shows the massive 2015-2018 double bottom. To confirm the double bottom, SLV will need to break above 19.82. There's a gap above the 25 level, a likely target. A successful test of the breakout level will likely be the launching pad for much higher prices.

Glewis54

Silver has a long way to go to catch up to Gold so price may easily break through previous levels of resistance. The gap above 25 seems like a good intermediate-term target.

Glewis54

Most agree that stocks are in a bull trend. Should current action be merely a pause before another wave down, a good objective would be the 270 area, establishing a neckline and fears for further moves down.

Glewis54

As the goldsilver ratio hits stratospheric levels in the 90s, SLV languishes, bumping up against resistance. Owners of the "poor man's gold" seem destined to be poor for yet a while longer.

Glewis54

Looks like it's ready to break out.

Glewis54

Classic Cup and Handle formation developing may provide Gold with a launching path to higher prices.

Glewis54

A little lower on SLV to 13.35 might be a good area to close shorts and go long.

Glewis54

Interesting basing pattern on Barrick. Could go to 18

Glewis54

Holding 14.69 today (Wednesday's close) may lead to an explosive breakout in the next two weeks

Glewis54

The Fed''s decision to "pause" rate hikes justified the current levels for silver. That may have marked a short term top (SELL THE NEWS) as price touched the top of the lower sloping channel. The monthly chart shows that the recent monthly test of the closing low failed. While prices rallied despite closing lower in November (testing the August closing low), I...

Glewis54

Will the Fed's pause (ending) of rate increases boost SLV above 15.50? Good spot to buy puts, just in case.

Glewis54

Apparent expanding diagonal completing D wave. E wave down sure to be a doozy.

Glewis54

Per Bulkowski: Important Bull Market Results for Island Reversals Overall performance rank for up/down breakouts (1 is best): Not ranked Break even failure rate for up/down breakouts: 31%; 32% Average rise/decline: 32%; 13% Throwback/pullback rate: 54%; 55% Percentage meeting price target for up/down breakouts: 79%; 60% 32% up would get us close to 20

Glewis54

Fast move to top of current range. Stochastics turning up and the parabolic indicator implies the start of a move higher. For Elliott Wave,, could be a wave 5 of 3 of 1. Any EW experts here? If follow through on heavy volume comes in, some gaps above 15 and 16 need to be filled

Glewis54

Momentum in SLV appears to be very strong but heavy resistance lies ahead. Can SLV break through the 16 level? If so, upside may reach $50+ .

Glewis54

Successful resistance at 16 could lead to a 50% drop from current levels.

Glewis54

TLT may find resistance at the 123 level and trade in the 116-123 range for several months, completing a reverse right shoulder. A push above the 123 level could see the top of a downward channel at 126.