/SI silver is coming up on that 16.492 support level posted earlier (first chart below) & will still offer an objective long entry for at least a quick bounce trade & possible more, should it reverse around this support level & go on to break out above the downtrend line soon assuming that /GC gold also reverses & breaks out above its comparable downtrend line below.


/GC gold was unable to hold above the key 1492 S level following the initial snapback rally from below, falling impulsively as stops below were hit & now approaching the next support of 1468.25 where the odds of an oversold bounce back to as high as the 1492 level is likely & possible more, if the 60-minute positive divergences are confirmed soon via a bullish crossover on the PPO while putting in an equal or higher low vs. the previous reaction low.

A reversal (bounce) in gold & silver (risk-off assets) would mesh with the scenario of a pullback off the initial tag of the top of the falling wedge/downtrend line on the QQQ 15-minute & 60-minute charts, as outlined in today’s video. As of now, these are only potential trading opportunities for active traders
QQQ 60m Sept 30th

QQQ 60m Sept 30th


As QQQ hits its 60-minute downtrend line /NQ ($NDX futures) is still a hair-shy of it comparable 60m downtrend line with the 7789 resistance level just above that, either of which are likely to trigger at least a minor pullback.
NQ 60m 2 Sept 30th

NQ 60m 2 Sept 30th


/ES (SPX futures) is just shy of a confluence of resistance levels (downtrend line, uptrend line backtest & 2984.75 price R) on this 60-minute chart where at least a minor pullback is likely. As such, this appears to be an objective level to go long the precious metals & short the stock indexes for either a quick bounce (metals)/pullback (equites) trade or one could let those positions ride while trailing down stops to hold out for a deeper thrust down within the stock index wedges and possibly even a major sell signal on an impulsive break below Friday’s low.
ES 60m Sept 30th

ES 60m Sept 30th


Typical, less-active swing traders & investors might opt to stand aside at this time to see whether the 60-minute bullish falling wedge patterns trigger near-term buy signals via impulsive breakouts or if a longer-term sell signal is triggered soon with impulsive breaks & solid daily closes below Friday’s lows.