My last update left little uncertainty that the December contract would achieve a minimum 31.795, the Hidden Pivot target of the pattern shown. The uptrend looks too steep to allow the one-level pullback we’d need to get aboard ‘mechanically’, and the pattern is too obvious to allow us to squeeze off a tightly managed short at the target. That would still be possible, however, if you are proficient at constructing trade triggers on the lesser charts (i.e., ‘camouflage’). If buyers push past the target, the next would be a Hidden Pivot not far above, at 31.730. It is derived from ‘locked’ a=26.950 on 5/2 — by definition the lowest low in this chart capable of producing a reverse pattern.
SIZ24 – December Silver (Last:31.074)
