Spamwich's  Instablog

Spamwich
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Specialty: Technical Analysis My early years were not so rich, I had a poor family, at age 12 I landed my first job as dishwasher for $6/hr, by 14 years old my mother suggested to cut grass around our town for extra money, so with what little money I had, I put into some fliers and a lawnmower.... More
  • $SLV : Sell Signals Strong 0 comments
    Mar 20, 2014 12:07 PM

    The price structure spotted earlier this month is still in tact. Price has now broken through the lower BB, and broke well below the 50 MA. MACD and RSI are giving sell signals. I will be looking for support to be tested over the next week , and it may result in a sizeable bounce, however the larger price structure is a descending triangle and by function should break down in an impulsive way potentially targeting the 2010 low...

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