Dustin

[Dustin @Dustin_B831]

@2Infinity_ Thanks 2infinity. You do good work!🙏🏻

[Dustin @Dustin_B831]

@dtarian04 Nice call once again

[Dustin @Dustin_B831]

@ho_chi_mayne @BostonBogey Also need DXY to roll over, but it just broke out..

[Dustin @Dustin_B831]

@ho_chi_mayne @BostonBogey Beneath the floor lay the cellar. $56 is the monthly Keltner basis. A quick spike below (overshoot to $50?) should mark the bottom?, if not…💔🐃😵

[Dustin @Dustin_B831]

@dtarian04 Do you think the BOJ gives you your $76 target?

[Dustin @Dustin_B831]

@LucianoDiNapol5 @dtarian04 If you paid attention to his posts… last post was long to $72 then short. But maybe with the Iran deal ‘done’ and we get past BOJ and FOMC…. What do we think, Warsh says bank deregulation and the markets rip? Not sure how else he can do trumps bidding…

[Dustin @Dustin_B831]

@TaviCosta @grok

[Dustin @Dustin_B831]

@HeadedNine This could fail (software further drop) if Iran war is not settled soon? Agree with your take on oil 👍🏻

[Dustin @Dustin_B831]

@Osint613 Someone take this idiots phone away from him. FDT

[2Infinity @2Infinity_]

a quick look at silver:

Day 17 of DC2. Silver continues to consolidate under the 10 dma since forming the potential DCH. The 10 dma continues trending down, closing the gap with price. The RSI(5) also continues to remain at oversold levels. The DC is in the timing band for a DCH, so the window for price to move to a higher cycle high needs to start in short order.
The LT DC scenario is still on a table as any move that forms a lower high would likely mark a move into the DCL. For bulls, a quick change in character is needed, starting with a decisive break through the 10 dma and quickly challenging the previous DCH around 83. For bears, a half-hearted move up before going into the DCL would open the door to making a failed daily cycle early in a new IC. This would be decidedly awkward, but on the back burner for now. Steady as she goes, captain.
#Silver

[2Infinity @2Infinity_]

a quick look at silver:

Day 12 of DC2. Today's follow through of the swing high has opened the door to more possible scenarios for this DC. The most bullish scenario was a typical pull back from extreme RSI(5) levels to the previous resistance (gray line on chart) or the 10 dma before moving higher.

However, today's price action has dropped through both of these levels. This has pulled the RSI(5) quickly to near 30 and turned the 10 dma down. After establishing higher lows and higher highs early in the DC, this large pullback is more of an outlier case. While a LT DC in the 2nd daily cycle seems out of place, this recent action does make it a possibility to at least be mindful of.

For bulls, watch for price to recover quickly above the 10 dma and bounce RSI(5) quickly out of oversold. This move down needs to be quickly negated.

For bears, watch for price to remain stuck under the 10 dma that begins to act as resistance. This in turn would cause the RSI(5) to remain in oversold levels. Note that price is still well above the lower BB. Steady as she goes, captain. #silver

[Dustin @Dustin_B831]

@ewatcg @garysavage1 Mag 7 capex expansion will take silver to new highs

[Gary Savage @garysavage1]

It's official. Silver has now confirmed a pattern of higher highs and higher lows. The rest of the sector will follow.

[Nine @HeadedNine]

@Innerdevcrypto “according to most ta-indicators, the market is closer to the top than bottom obviously”

Local top sure, of a daily cycle.

But there’s nothing to indicate the AI-driven market and economy is anywhere close to a top.

If anything, we have just begun the launch.

[2Infinity @2Infinity_]

a quick look at silver:

Day 6 of DC2. Silver had another constructive overnight session, pushing price further away from the 10 dma. This move has also pushed the RSI(5) above 70, a bullish sign early in the 'easy phase'. The easy phase is characterized by the price closing above the 10 dma until the DCH. In the most bullish scenario, price stays well above the 10 dma for the entire duration, like the previous DC4, but will more often move in a step wise pattern with days of consolidation back to the 10 dma before another step up.

There are a few bullish signs in the bigger picture. Note that the RSI(5) touched just below 30 before moving up again, without lingering at oversold any longer than needed. The RSI(5) breaking above 70 early in the cycle is also healthy. Looking ahead, moving above the previous DCH will establish higher lows and higher highs. Longer term technical traders will see this as a bullish sign the bottoming process maybe ending. Steady as she goes, captain. #Silver

[Dustin @Dustin_B831]

@look4reality @Barchart You short? I think that may be what you are implying, or, it’s about to bounce. Unclear

[2Infinity @2Infinity_]

a quick look at silver:

Day 24 of DC1. Silver is in the declining phase of the DC, and in the timing band for a DCL. Price has remained below the 10 dma, validating the DCH. With the 10 dma turned down and RSI(5) at oversold levels, the ingredients are in place for a DCL. ICLs tend to be extremely oversold, where as DCLs can touch 70, or fall a bit short.

The depth of the DCL remains to be seen. As usual, bottoming is a process and currently there is no divergences, swing low, or candlestick patterns of interest. There is a small hammer forming today that is breaking a trendline. Steady as she goes, captain. #Silver

[Gary Savage @garysavage1]

Miners are consolidating around the 50 day moving average in preparation of breaking through resistance at $100. Once they do it should be a quick run to the all-time highs.

[Dustin @Dustin_B831]

@dtarian04 💯

[Dustin @Dustin_B831]

@Osint613 Posting fake news???