One day a trend does not make…yet trends can start to change any given day. See below for single day patterns at the top of channels that must be respected!
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Gold has been stuck in a trading range for almost 5 months and Silver stocks have reflected relative weakness compared to Silver. Both SIL and GLD had single day negative patterns at the top of their trading ranges.
Even though one day does not make a trend, this one day action is owed a great deal of respect!