The first week in October looks weak, but I am not overly bearish either. I will outline the details, and will have further charts to come shortly. As I mentioned earlier though, the current European crisis does appear to be heading into a climax, with fears to subside soon afterwards.
10min Chart
SLV hit the yellow trendline at $27.50. I think it should get a decent bounce from that level $31-32 SLV.
ReplyDeleteI still do not think it bottomed though. After a good bounce it likely will come back down and overshoot that yellow trendline slightly.
GOLD DAILY
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Good bounce so far for SLV. The future last night was a steal!
ReplyDeleteGOLD CIT's
ReplyDeleteI have multiple dates starting today whcih lead into the red line on the chart which is the larger cycle......everyone is bearish, watch the move out of the hole here! joed
SPX found resistance at the white triangle line 1151.
ReplyDeleteGabe
ReplyDeletewhat is your short term target for silver and gold?
Thanks
JJG DAILY.............GRAINS
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Selling a tiny bit of my longs here. Cycle low chart that I posted on Friday is now good for 28 points up in the SPX.
ReplyDeletePlaying around with price and time. IF my cycle lows from Sept 22nd and August 9th can hold, then this could be the area to be watching next..
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Gabe whats your outlook for the SPX?
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