close to approaching a short squeeze in the silver market. I now feel that we could be on our way and we are entering the early stages of a short squeeze right now. Once we get confirmation on the weekly chart and with the VC Monthly Indicator, prepare for fireworks!
I said that I would never show these charts again, to protect the validity of the VC Code. However, after last weeks price action I cant help but do a little bragging on how amazing this tool is. Now look at the chart below. Look at the B2 number and the low in silver. Do you think these numbers are accurate? At Equity Management Academy, we have figured out how to measure the energy within the market to determine where price can potentially manifest. The results are what you see below. The bottom for silver futures was 18.17 and the Buy 2 number was 18.13. This is absolutely incredible! These results are speaking for themselves. This is what I am referring to when I say that the VC can be applied to any time frame. This should send chills down your spine. Swing Trading the VC be implemented along with Day Trading The VC to maximize our gains. Remember price action you see on your screen was not there at the beginning of the month, but the VC numbers were provided to us one month in advance. The VC gives you a road map of possibilities that can make us rich if traded appropriately.
Analyzing the monthly VC we have come down to the B2 level, which demonstrates that the silver market on a monthly time frame was a level 1 in terms of energy. The divergence shown on the 8 hour chart shows that strong short covering rally that I have been referring to in previous posts is in its early stages and about to unfold.
This article is brought to you courtesy of Thomas Calvert from Equity Management Academy.
Related Tickers: iShares Silver Trust ETF (NYSEARCA:SLV), ProShares Ultra Silver ETF (NYSEARCA:AGQ).