Market Update on Steem/USD & Silver (SLV) 1/19/2018

We had a nice impulse move to the upside in the over-night action and we also took out the .618 retrace level. The new support dynamics shows 4.59 as immediate support and 5.275 as our break-out target. Price should chop or form a pennant until the next decision time zone at 3:15pm EST. Watch for an initial flash for indication of direction. I do not see this thing making a meaningful pullback any time soon so buy all dips.

For silver we have a huge timing marker coming in right at 2pm EST and it looks like we may finally have a push out of the trading range that has been in place for quite a while now. This is a bullish set-up and worth a try.