Silver Update July 2014
CLIFF NOTES: the move up since early June went higher than expected and, for the first time since the low at 8 I have to reevaluate if a low is in place or we will go down to my long standing 14/0z. so, in order to do that and to watch in real time as we figure this out I’ve included two charts. right now I would like this pullback to test the 19-20 area. If it holds and starts UP strong then the 14 might not be tested….however, if we break that level w/ ease or w/out much of a test then 14 is open.
either way, if we do not get down to the 14 level the KEY is going to be the shelf at 26.70.
apologize for the “wishy washy” nature of this one …the PATTERN completes at 14 but it doesn’t “have” to go there …