After the Close:
AG is not performing as expected. There has been no sharp rally. Instead, we have a trend break and test.
The spring set-up looks poised to fail or not materialize. We’re out of all positions and on the sidelines.
Before the Open:
Majestic Silver (AG) is still in spring position and testing the right side trend-line.
Majestic Silver Spring
Before the open:
AG in spring position. We've had the 'spring' test. So, the expectation is for a sharp rally .... at least to the top of the trading range.
An alternate view, is that AG could continue to lower support at the 9.00 area with potential of another spring set-up. Posting a new daily high from this point (10/7), would reduce probabilities of a lower price-action.