Silver could easily tag its rising 100 DMA (basically $27 and rising) at any time.
It’s anyone’s guess how this consolidation plays out. It’s either going to stay elevated and wait for the MAs to catch up, or its going to take a quick trip down.
What I want to see it a constantly rising 100 DMA for at least a year. If that MA flattens out or heaven forbid actually rolled over it will be a sign of a major top, but again I am not expecting that for months yet.
“It’s anyone’s guess how this consolidation plays out. It’s either going to stay elevated and wait for the MAs to catch up, or it’s going to take a quick trip down.”
Puke
Puke is right. Up in smoke comes to mind…
Guess this just wasn’t “it” yet…
Silver could easily tag its rising 100 DMA (basically $27 and rising) at any time.
It’s anyone’s guess how this consolidation plays out. It’s either going to stay elevated and wait for the MAs to catch up, or its going to take a quick trip down.
What I want to see it a constantly rising 100 DMA for at least a year. If that MA flattens out or heaven forbid actually rolled over it will be a sign of a major top, but again I am not expecting that for months yet.
“It’s anyone’s guess how this consolidation plays out. It’s either going to stay elevated and wait for the MAs to catch up, or it’s going to take a quick trip down.”
Bingo!