SILJ - Tentative Signs of Liftoff

SILJ often charts the best of all the metals and miners. It now looks like we have confirmation that the low back on September 24 was THE low, and we have a i-ii setup in place and we’re in wave iii of a potentially huge rally to higher highs. Again, a break of the yellow downtrend line would be a warning sign that we’re not done on the downside. Otherwise, all systems are green.

Comment:

SIlJ up close to 6% today following a higher low. Take out 15 and we could be off to the races.

Comment:

Add another 5.5% to SILJ today. That’s >16% in less than 3 days