Now a close-up of the Nasdaq 100 since the congestion 4th wave yesterday. The 100 shows the steady distribution occurring since 2:00 yesterday, the top of v, (v), mC. Everything since then has been ABC, which is the form for corrections rather than impulse waves. There is a lot of distribution going on in the channeled ABC zone.
The DJI is currently 20 points away from it's 10,587 high. My stop is at 10,602 for all stock positions.
Silver is down 9c. The current shorting strategy is to wait for the long silver ETF SLV to drop below 16.80 on an hourly closing basis. This is equivalent to May futures dropping below 17.18 on hourly close.
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