SLV On Sept 12 we issued a Buy Pending on SLV Calls if SLV could close above 18.30: SLV Buy Pending. SLV finally closed above 18,30 on yesterday's close and is higher again today. This could be a quick trade, or something unexpectedly much larger. In any case, as is the rule around here, "a Buy is a Buy." Buy Signal: SLV Nov 18th $19C (1.10-1.12) SLV New Target: $22+ $19C Target: $3+ Stop: 50% (on $19C) QQQ The stock market indices are correcting one trend degree higher than expected, which will make the next leg down all that more devastating. Standing-by for reversal lower by the end of this week as the trigger price, currently a close below 277, rises with each new rally day. Looking for break down below Fib reversal zone . "Bear market rallies are often sharp, so one has to be mentally prepared." - EWI 10.3.22
