This is a chart shown previously and updated here. The green (would-be) support line had been a red resistance line. Now SLV bumps its head against the neck line. MACD has become somewhat constructive by breaking a down trend and RSI can bump up a bit more.Back when SLV hammered in the 14's the NFTRH target was set as a test of the resistance line and/or neck line. I personally then proceeded to screw up the trade (while a friend of mine who is also a subscriber managed a great trade up to the neck line -- dohhh!) because I am a weak hand on silver relative to gold.
Anyway, SLV will now attempt to create support at that moving average cluster.
