May 20, 2015

SILVER Weakness at weekly cloud

  • Silver weekly chart shows weakness at the cloud.
  • More strength for silver bulls if price falls below 200 Day SMA.
  • 4 Hour chart shows retrace levels as immediate support zones.

ES IHNS Update

  • The IHNS Breakout continues to stay valid. Bears need to fall below the yellow shaded zones in first chart to question the validity of the pattern.
  • One hour is testing the rising support line. 100 Hour SMA too is crucial for bulls to stay above to continue the momentum.