Silver crashes 10.5% to $76.33 with RSI at 23 - levels refresh every hour
Bleh. I guess the easiest one-word description contrasting my disposition toward what I saw in the markets last night versus what I saw this morning would be "disappointed."
Things really seemed to be rocking and rolling downward all Sunday evening. I was looking forward to a hell of a start today. But with the "good" news out of Europe sending the euro soaring, all assets have followed. I beat a hasty - but partial - retreat - and am 51% committed at this time.
The saddest news was that we sliced right above that nice, clean horizontal line (tinted below in green), eradicating the clarity of that topping pattern. The next question mark is the descending trendline.
Suffice it to say my conjecture for a nice tumble to kick off Q4 has been put to rest.
Things really seemed to be rocking and rolling downward all Sunday evening. I was looking forward to a hell of a start today. But with the "good" news out of Europe sending the euro soaring, all assets have followed. I beat a hasty - but partial - retreat - and am 51% committed at this time.
The saddest news was that we sliced right above that nice, clean horizontal line (tinted below in green), eradicating the clarity of that topping pattern. The next question mark is the descending trendline.
Suffice it to say my conjecture for a nice tumble to kick off Q4 has been put to rest.