6050 replies to this topic

[K Wave]

Impressive wedgie on PL

 

[K Wave]

Bonds unable to make the turn as the longer time frame held

 

And G/S 5 min was held by Silver bears overnight

Reasonably sure if Silver bulls eventually DO break that last pivot low, then they might have the ball for a while

 

But.....not quite there yet.....

 

[K Wave]

Similar for PA...1030 area still looking key

 

But...not quite there yet...

 

[K Wave]

now we have to consider... what happens if 10 yr yield DOES break out upside

 

Still tricky here

 

 

[K Wave]

Meanwhile BTC making the Big Pivot even bigger....

 

 

 

[K Wave]

PL only made it 918 before puking

 

That weakness is still potentially concerning, but as long as it does not break significantly below 900, "might" not be a problem

 

But I sure wish it would end the 2020 Deja Vu look

[K Wave]

Playin' Devils advocate here...should PL completely break down, and G/S blast back above 200 day MA.....still possible we just saw massive fakeout....

 

We get back below the overnight low and stay under, then much more likely the real deal on the turn up in Silver

 

 

 

[K Wave]

Here comes the turn attempt

 

[K Wave]

PL still zilch....

[K Wave]

So at this point, looks to me like Silver bulls pretty much must keep the pressure on now and get G/S back under 85 and keep it there.

 

Back above 85.50 could now be a potential problem...

 

See what they can do.....