Loading ...SILJ 2 hour update…
OK, still need the GDX daily to breach 50 SMA…
What has really grabbed my attention is the junior silvers…
Note the negative divergence at a possible double top
AND
the OBV is flat as flat…
CAUTION!
SPX closed above my 2105 “line in the sand”…Caution Bears…
Also, my market barometer Apple is still within channel…
And the SPY:HYG line remains intact…
However, this could all change tomorrow or in the near future…
Noticed the same thing with a few silver miners I am following. It might be that this was the top of wave c of 4 down and now we start wave 5 down. We will find out shortly.