Wednesday, October 20, 2010

Silver Yearly R2 pivot stopped the run

The silver etf SLV ran into the Yearly R2 Pivot(purple line marked r2 @blue circle). R2 Pivots have a 85%+ odds, that will be the highs 4 2010. I'm watching the 8dma(light grey line) to see if it will become resistance now. Support should be at the 20dma(yellow line) and Monthly R1 pivot(green line marked R1) @$22.31.