I think we are getting ready to launch here (small launch). New price targets off 3 different chart price points from this morning are 22.07 if its just an ABC top. But if it is a 5 wave structure, then 22.32 / 22.33 area for a top of W3 short term.
The above may occur right now, as we have hit a minimum retrace, or we might touch 21.48 or 21.41 before heading up to the numbers above in first paragraph.
SLW feels heavy here and am uncertain as to weather it will hit the above price points. So I have sold my long position. Additionally, I wish to be out for the State of the Union (Coup) speech tonight and I believe the FED speaks tomorrow. So, I wish to be out.
There is an outside chance that the top might be in or at 21.95.
Also, there is a possibility that we hit 20.92 (a 78.6% retrace from 20.33 - 23.09) in SLW before heading up again.