Dec. 3 at 12:52 PM
$SLV Still hunting that 60 breakout. It’s coming.
Tap 60 intraday or overnight inbound. May really stretch its legs fast and past 60.. Probably the most beautiful breakout chart of the year since Gold.. 56.64 Fib target for SLV weekly inbound.
$SPY poised to test 687.
$BTC.X sharp oversold reversal, mild cup and handle bottom. 102k and higher or else it’s heading much lower..
$VXX volatility dropping out w a 20% reversal from the highs. Risk on but metals suggest that this hedge tool is structurally flawed vs contango.
$GOOG Will try to reclaim 330 for a push to just under 350 by EOY if markets get that risk on cut by Dec 10…
If today’s red hot and ripping I would start paring some gains in 10-20% increments. I expect chop the 3 days leading to rate cut hopes..