One day I may like silver again, hopefully that day is coming soon. Today, though, I will likely get stopped out. Not a bad thing, since I am limiting my losses, but it was a pretty dumb trade when looking at the overall trend which is still down. Looks like there was a tick down early this morning that hit 18.72. Wonder if that might be the end of this drop or just another teaser.
Gary July 12, 2022
The only thing silver has going for it technically is clear long-term support. Sure, support can break down and the daily trends are clearly bad. A seasonal bottom positive CoT are what it has going for it. Problem being seasonal can vary and CoT is not a good timer. It’s a condition (currently positive).
Comments are closed.
Discover more from Notes From the Rabbit Hole
Subscribe now to keep reading and get access to the full archive.
One day I may like silver again, hopefully that day is coming soon. Today, though, I will likely get stopped out. Not a bad thing, since I am limiting my losses, but it was a pretty dumb trade when looking at the overall trend which is still down. Looks like there was a tick down early this morning that hit 18.72. Wonder if that might be the end of this drop or just another teaser.
The only thing silver has going for it technically is clear long-term support. Sure, support can break down and the daily trends are clearly bad. A seasonal bottom positive CoT are what it has going for it. Problem being seasonal can vary and CoT is not a good timer. It’s a condition (currently positive).