- SILVER Daily chart is getting resisted at 78.6% Fib level.
- Bigger correction only if 50 Day SMA Gets broken.
- 4 Hour cloud too has acted as support during this up move. Breaking below the cloud may lead to a reversal.
November 30, 2012
SILVER Trend update
S&P 500 Analysis after close
- SPX Testing 50 Day SMA.
- Price also near Golden ratio.
- Breaking above these two levels may take SPX Towards the daily cloud which for the current week is at 1435 levels.
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