Silver is in an uptrend:
1. Because it has not had a new low in 5-days AND
2. The time of the recent "Time at Mode" sell signals have expired AND
3. The market is back above the lowest, largest mode from the decline AND
4. The RgMov "trend line" is at a 2-month high (and not a 2-month low).
5. Recent "range expansion days" highlighted with blue-triangles are up-days.
This analysis is best done day-to-day so you can see how the market is accumulating or distributing.
For now, the silver market is extremely ACCUMULATED. Any dips will likely setup very low risk entry points for long positions.
Cheers.
Tim 2:36PM EST 3/23/2015 16.946 +.238 (+1.43%)
(VOTE "THUMBS UP" if you'd like to see me publish the SILVER CHART EVERY DAY)
1. Because it has not had a new low in 5-days AND
2. The time of the recent "Time at Mode" sell signals have expired AND
3. The market is back above the lowest, largest mode from the decline AND
4. The RgMov "trend line" is at a 2-month high (and not a 2-month low).
5. Recent "range expansion days" highlighted with blue-triangles are up-days.
This analysis is best done day-to-day so you can see how the market is accumulating or distributing.
For now, the silver market is extremely ACCUMULATED. Any dips will likely setup very low risk entry points for long positions.
Cheers.
Tim 2:36PM EST 3/23/2015 16.946 +.238 (+1.43%)
(VOTE "THUMBS UP" if you'd like to see me publish the SILVER CHART EVERY DAY)
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