Stuck In The Middle

Unfortunately, there is not much more insight I am able to provide this afternoon in metals.  Either we are going to get a 5^th wave taking shape in the coming days, or we may be stuck in this corrective structure for a bit longer in a more protracted 2^nd wave.  There is not much more than that to note.

The silver chart I posted earlier today has not yet resolved.  Rather, it came back and spiked the 1.00 extension, so we are still very much in the same posture as before.   And, if we break down below 24.67 before we complete 5 waves up, well, it likely keeps us in a more protracted 2^nd wave.

For now, not much has really changed, so maintaining patience is likely the best course of action.  If this fails, I may consider selling my LEAP’s and re-striking a bit later.