Schwab Network

Heavy Metal Volatility, Bitcoin "Technical Optimism" & Levels to Watch


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Kevin Green keeps his eyes on the metals market following last week's tumult to end the week. KG says there could be some investors "selling out of winners" as gold and silver had soared to all-time highs. However, for silver he says to watch for a break below 70 with 45 acting as the next level of support. On the crypto front, KG says "no one really loves Bitcoin at this point" but it could be forming a "head and shoulders" pattern which should be monitored from a technical pattern standpoint. For today's S&P 500 levels, KG is watching 6970 to the upside with 6820 acting as a possible downside.


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