We have been noting consistently in NFTRH that the more times something tests support the more it is likely to fail. That’s just the way it usually goes. In spite of that I bought ‘bounce’ Calls yesterday and felt the sector has a good chance of bouncing. Then I got aHammer in the evening and proceeded to taunt the shorts with it. Today? Right back to Palookaville.
They sure don’t make it easy. Hammers can be followed up with an iffy or bearish day and manifest bullish the next day. Or they can just crap out and fail. But as of now I am still on the trade even as SLV makes a 4th support test I never wanted to see in the first place.
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