Elliott Wave 5.0 "Reboot"

Thursday, March 24, 2016

Silver Intraday Review: Not your Average Bull Market!

Silver had one ugly start to its bullish phase, which I cannot force into an impulse no matter how hard I try. In other words' silver is in a potential "C" wave bull market, but still has one more move left to the upside.  We could be hanging around a triangle 4th wave bottom, and the next few days should tell us more.  

At  around $15.20 we are sitting at a potential downside breakout as silver hovered around this $15 price level many times in the last month or so.  The rapid move in gold has masked this silver market like gold has done many times before.  With this ugly bullish phase silver can turn around and hit a new bear market low with little problem.  All we need is a good bullish phase in stocks and metals could  implode. 

To Elliott Wave 5.0 "Reboot"