So much for my previous thoughts and chart. Kinda thought it was at a crossroads period anyway. Will likely close above $17.185 today which is higher than last weeks close and through resistance and above support. Then continue over the next week or two to at least $17.95 and $18.5. Might buy the Feb 23 ATM calls next Monday on SLV.
Looks to be at the top of the triangle and probably rolling over and headed lower. If it drops below the 7 or 13 day SMA, this would be a good short trade. I wonder if it'll head all the way to the $13.30 level? Guess we'll see what happens in the next few days.
