Saturday, April 4, 2026

March 4, 2009

Today’s Rally and Silver

The reality is that there is always a reason to be bullish and bearish–that’s what makes markets. What we must discern is where the best probabilities lie.
-Todd Harrison

Today, the equity markets staged a less than stellar attempt at displaying some sort of buying interest. Looking at a shorter term 60 minute chart of the S&P Futures, it is easy to see that we rallied in the context of a downtrend. Trends don’t move in straight lines. They ebb and they flow. I’d use today’s high as a stop with a target at about 622.

SP H9 60 Minute

SP H9 60 Minute

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Silver is a bullish market.

The daily chart presents us with a great entry. Stop below Monday’s low. Small risks, big rewards. Stay Tuned. Trade the picture.

Peace

Silver

Silver

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