So far in SLV my commodities bottoming call has held from August (left arrow) and the current wave could be at the bottom of a deep vee second (just like UVXY... as if metals might be a hiding place in case of market turn down...) since it has not been able to create a lower low yet (right arrow). The next few trading days will be critical here.
Friday, November 27, 2015
[SLV] update
The primary bearish model from the backlink was busted in what could be counted as a motive wave up. This is why, while I was stopped out today for reasons of discipline, I have not given up on hopes of DRD busting out through the top rail which recently provided resistance and formed a DDT.
So far in SLV my commodities bottoming call has held from August (left arrow) and the current wave could be at the bottom of a deep vee second (just like UVXY... as if metals might be a hiding place in case of market turn down...) since it has not been able to create a lower low yet (right arrow). The next few trading days will be critical here.
So far in SLV my commodities bottoming call has held from August (left arrow) and the current wave could be at the bottom of a deep vee second (just like UVXY... as if metals might be a hiding place in case of market turn down...) since it has not been able to create a lower low yet (right arrow). The next few trading days will be critical here.
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Grains (soybeans, corn, wheat) will reach a bottom any time now and it will be one of the best investments for 2016 according to Erick Hadik. My freeStockCharts monthly on WEAT (wheat)shows a super bullish MACD. The only short term negative perhaps is the small double tops on the daily which I am not sure if this pattern will play out (first peak 10.40, second peak 10.24) Target for double top is around 8.72. Any thoughts on WEAT?
So glad i discovered your blog! Thank you for sharing your work.
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