Chart patterns…will the metals hold?

Both of these metals have “Potential” outside reversal weekly patterns to the downside. For now they are holding… We will need a close today above 1511 in the Gold, and 34.40 Silver, to maintain the weekly patterns.

Closes under these levels will have me exit all long positions. I would rather exit and re-buy them a little higher than sit through a potential break.

That’s the game plan for now. Stand pat, or exit on a close below the aforementioned levels and await further price action to re-purchase.

Stock indices..

Potential outside reversal patterns to the upside in the Nasd & Midcap. Today’s closing #’s for a weekly reversal are above 2257 Nasd ( last nights high) & 94940 Midcap.

Closing above these levels would put in a trad able low and solidify the Bulls. Closing below and the Risk ON/Risk OFF war continues into qtr’s end.

We live in a world where presently, every trade is the same trade, just a different instrument.

MODEL TRADING PORTFOLIO…CURRENT HOLDINGS

LONG TERM HORIZON….

Long GLD,SLV,