There is support at this level for Silver. It should rebound well from this low in the near term. Once it bounces though it will be time to review closely because the large "M" pattern is ultimately bearish longer term.
Yes, I'm looking at those levels now. Will let you know. XIV is ready to gain here. UVXY had a decent run this week, but the bigger move I am looking for is coming in June.
There will be a good entry for UVXY coming later in May.
Thanks for this SC.
ReplyDeleteWhere would this put Gold, 1700 around July ?
Sounds roughly about right. Gold should run now in May and June.
DeleteAny revised target for XIV. Just wondering
ReplyDeleteYes, I'm looking at those levels now. Will let you know. XIV is ready to gain here. UVXY had a decent run this week, but the bigger move I am looking for is coming in June.
DeleteThere will be a good entry for UVXY coming later in May.
Looks like SPX is going to bottom really soon here.
ReplyDeleteLoaded up on XIV at $9.58.
ReplyDeleteVery likely the bottom is in right now for SPX at 1315.
ReplyDeletegold bounced off of dec lows nicely....1580 then 1600...
ReplyDeleteYes nice looking reversal. Gold has legs here for a while.
DeleteWhat would be your exit target for XIV - just wondering if your analysis is $13 still? I appreciate your comments.
ReplyDeleteLikely in the $11's. SPX is ready to run to around 1375.
DeleteHi SC
Deletewhat would that translate for HVI? with XIV around 11$?
Hi SC
wondering if you can let us know what would that translate for HVI? with XIV around 11$?
Thanks!
Thanks!
For HVI a target would be around $9.30.
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