Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 677.48

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Nov 5 4:00 PM EST

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GROUND ZERO™

mary-ally-smith

Mevis

To: GROUND ZERO™ who wrote (91010)	3/26/2017 5:44:15 AM
From: John Pitera	3 Recommendations Read Replies (1) of 218450

Hi GZ, a more detailed Silver analysis Message 31043414 17.78 is a big time double Fibonacci cluster zone.... I do have to admit that the decline from July 5th 2016 @ 21.22 and the Dec 20th 2016 low of $15.67 looks impulsive while the move...... While also being a .a .382 retracement of the advance from the Dec 20 2016 low of $15.67 to the 2/27/17 high of $18.54. looks corrective in nature and so I thing we see we could see another leg down in Silver .. price structure of the gold market is more favorable...... I am not as particularly bearish on the USD the 2 Year Wyckoff daily chart shows that we may have just completed a C wave after a "b" wave which was a .618 of the "A" wave down for the highs near 104.......and come back to the same levels we have been at over the last few months. The 3 year chart..... shows the same thing and I believe very sincerely that it has allowed the sentiment to get much more bearishness while nothing in price has given reason for this bearishness..... except the Key ELLEMENT of TIME.... It's BEEN a while since the USD was going up... I would expect maximum bearisness after these several months of corrective activity. On The 10 year Weekly chart the USD has been above the Bollinger band 3 times this past fall on the USD rise and has not done anything to counteract that longer term bullish action. I also construe as bullish the longer term 200 week ATR being above the shorter term 13 week ATR. Fundamentally the positive interest rate differentials with the US having significantly higher short term rates still should be supportive of the USD over the coming 4-5 months. John. John

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