Wednesday, 20 April 2016

S&P 500 daily chart sitting atop 11 month trend line resistance turned support

Hang Seng daily chart struggling at trend line resistance, set to turn lower?

Silver daily chart 5 waves up complete? If so, trend is up, but time for correction

Five waves up for silver suggests that the larger trend has turned up. The five wave move could be complete at the parallel trend line projected from the wave 3 high, and if so, silver should now enter a corrective phase for several months.