Tuesday, June 9, 2015

[USLV] update

Even though I'm looking for a final wave down in SLV, I'm keeping a close eye on USLV looking for an entry point.  So far it has been putting in higher lows and higher highs with some really nice trading volatility.  We are current at support so if this holds tomorrow AM I'll go ahead and pick some up with very tight stops.  At the end of the day the winner will be he who manages risk the best and by buying at multi month support we have a clear dump trigger if that support fails to hold.  This could easily turn into an expanding wedge from here.

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