Silver is anticipated to be forming the second blue arrow low currently. In the Cycle the blue arrow lows are a double bottom pattern. Silver should now bounce for several months towards $17.
Although Silver should bounce quite well in coming months, the bear market is expected to resume next year according to the Cycle.
3-day Chart
Silver Bear Market Cycle:
When I posted this comment in October, Silver was around $16, and it has declined to $14.
ReplyDeleteSC October 13, 2015 at 12:34 PM
"I don't expect much upside for Silver short term, likely to dip back to $14."
Some of the best, and largest moves in the Cycle are approaching in the Silver market.
ReplyDeleteHI SC , any updated charts on UVXY / VIX ?
ReplyDeleteWaiting for the next set up. Low 28.00 to the high 27.00 range, may scale in here. Good luck
ReplyDeletewhat is sc doin is he buying aswell
Deletedid you by mike
DeleteHi Louis, I posted my trades on the next posting. All the best.
DeleteI'd be careful here, market is flat while UVXY falling and XIV rising. Perhaps next week would a better shorting opportunity.
ReplyDeleteNew chart posted!
ReplyDeletehigh sc we hit close to 27 at what level would you buy
ReplyDeleteJust bought UVXY, new chart posted!
ReplyDelete