Tuesday, August 30, 2011

SLV Long

I think SLV may be a decent intraday trade, maybe even a bit more...
 SLV with a positive divergence yesterday sending it higher today, it's been in confirmation thus far today, probably feeling a little pressure from the strength in the market, but that should reverse shortly.

 The 10 min's chart right now has a slight leading positive divergence...

The 15 min chart is the kicker, this is a pretty long leading positive divergence, so I would not be surprised to see SLV move higher from here.

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