I would still be looking for the morning trend to be UP if a price decline can stay above 2274 area. If so, then the morning uptrend target is a move up to the ADR zone.
Forensic Analysis of Fed Action on Silver Price
2 years ago
Monday, January 10, 2011
NQ For Tuesday
Daily Trend = UP and Strong and in Wave 5 of 5.
I would still be looking for the morning trend to be UP if a price decline can stay above 2274 area. If so, then the morning uptrend target is a move up to the ADR zone.
However, a sustained break below 2274 area implies the morning trend is more likely DOWN, first target is the down-trending trendline, then targeting a break below Monday's low before reversing back UP.
I would still be looking for the morning trend to be UP if a price decline can stay above 2274 area. If so, then the morning uptrend target is a move up to the ADR zone.
