Wednesday, May 4, 2011

SLV-Weekly & SP- 500 Weekly

SLV

  • SLV has broken mid-line and 200 DMA
  • Moved up stops to lock in gains
  • Break below $37.00 would be very bearish
SP-500
  • New bear fork starting to take place
  • Break below 1285 would be a very bearish sign
  • Top could be in "IF THERE IS NO QE3"
  • All will come down to jobs report on Friday
  • Could see one last run up in June