If silver can hang in here today, we should be able to try and close back over 26. The range is still small on the day against silver and should expand at least another 20 cents, so barring a wipeout in the metals this should push SLW back up to 26 at some point.
I think we peaked here short term. Chart shows 25.85 Wave 5 top (we hit 25.84). We are probably still in that Large Wave 4 range. I'm going to continue shorting in this upper range 25.75+ and going long in the low 25.15- areas. Large Wave 4's take a while to unfold, although I thought we were going to break that range down to finish this wave this past Friday.