it's too early to tell yet, but it feels that a long position in the next several hours is going to be signalled. I went short this morning and closed it down even because of what i was seeing. i started a bit early by picking up some cheap, cheap calls. If the correction is over here, wow is all i have to say, it reminds me of two years ago around this time
As I wrote at around 7 am, I'm short silver and although it's too early to tell, I think that 7% down I wrote about a while ago, is very likely now. Those calls from yesterday are obviously at a loss today, but measured against the net profit yesterday i couldn't lose. They are dated out to dec so, anythings possible, they can come back. Today's short more than makes up for those calls possibly expiring worthless 4 fold over.
the technical damage is severe, the writing on the wall says 31.70 is todays or sunday night target on silver.
keep your long powder dry for an opportunity to get long next week, i think;)