Shorted SLV earlier this morning at 22.12 and about 1.65% to the good so far as I type this. Volume isn’t matching up to the 8/6 drop yet, but it’s still promising enough. (Plus we already got a ton of volume right at the futures market open last night, which is unusual, so total volume for today’s session is still looking pretty heavy, approaching that of 8/6.)
My stop is in the range of the 7/27 session, acting as a proxy for the wave ((i)) overlap -- because when the silver futures hit that 24.79 mark, it was in overnight trading, so it doesn’t show up well on the ETF’s chart and I have to approximate a bit.