This maybe the day to take some profit in Silver, this is a big volume day so far and we could correct for a few days back down to the 33-32 range on the SLV. I went long ZSL (double short Silver) this morning, a small position as a hedge as I had sold have my position a day too early as usual.
As for the S&P as I mentioned the other day the character of the market has changed. Buying the dip is not working anymore. I would be loathe be long at this time, we probably will test 1294 before we test 1332, and not so sure it will hold this time.
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