Silver Near Extreme Channel, Reaction Expected

Silver smashing against an extreme outer channel, looks like an mini head and shoulders, that will break higher rather than lower. 

Previous post: This chart shows a extreme sell down, time to watch this security daily - Update

Option expiration week is over, extreme volatility of last week ends (we assume), now it is the time to see if metals will show signs of bullishness. Maybe forecasting a longer USD sideways move.

Latest chart.
 

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Previous update chart
 

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NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net 

Investing Quote...
 

"Stock market technique is not an exact science. Stock (and commodities) prices are made by the minds of men (and women). Mechanical trading methods or mathematical formulas cannot compete with good human market judgment."..

Richard D Wyckoff


.."October: This is one of the peculiarly dangerous months to speculate in stocks. The others are July, January, September, April, November, May, March, June, December, August and February."..

Mark Twain

 

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