Thursday and Friday rally was a 3-wave. We are on the bearish side of the DJI critical M/A, but on the bullish side of the SP futures 30-minute M/A, which breaks on a 30-minute close below 1305.50. I1 peaks either today or tomorrow.
In last Friday's posts I followed gold's wave count as it completed and bought DZZ at the top. I am .5% ZSL but silver went onto a peak beyond gold's wave count. Silver has since reversed back below $43 and I'm waiting for the close to see if it will close toward the lower daily range. I have an infinitesimal exposure to silver and will only increase exposure on break of hourly M/A. Silver has already broken it's 5-minute M/As.