Someone call? Ears were tingling...lol. My chart shows that we finished that 5th wave down to 21.74 (Chart said 21.79). I believe we go up from here unless we go to the 20.92 (78.6% large retrace) I mentioned over the past few weeks. My gut says though that we are headed up now. Additionally, we closed every day above the 61.8% retrace point of 22.27, never below it. I don't know if that is significant or not. Anyway, if the last move up was Wave 1, then below are the following price projections.
W1 - Up - 22.38
W2 - Down - 21.98, or 21.88 - (Most likely 21.88 or double bottom at 21.74)
W3 - Up - 23..02, 23.42, or a higher extension (Most likely 23.42 though)
W4 - Down - 23.17, 23.02, or 22.90 - (23.02 or 22.90 most likely) - (based on W3 hitting 23.42)
W5 - Up - 24.46 - (based on W3 hitting 23.42)
SLW has tended to fool me when I thought a buy opportunity has appeared. Not that I disagree with you cowboyinill, but I am holding off a little longer before I resume re-building my position. I am looking for a reentry below a low 21. If it continued to drop I would then add further if it happened to hit the high teens. Just my two cents.