Apologies in advance as I won’t be posting a chart on this.
Just a heads up on something I noticed on my monthly chart for CEF.
Last summer’s top came on customized money flow metrics I use where fast and slow were both 90+ in July. Rare event especially for the slow. [range 0 to 100***]
The sell crossover came in Aug.
Flip to April ’17. Fast in the 90s, slow in the 80s. Almost a carbon copy of last July.
Sell crossover in May underway.
Last year, the decline took ~6mos to complete.

Yes, on the weeklies, silver currently looks nicely oversold.
Yes, the miners are resilient, to borrow a phrase.
But to bring EW back into this, if there is a C wave down lurking around the corner, this is what it would look like.
Be careful on the bounces!

*** Just for comparison, for CEF monthly, even the fast version never exceeded 85 from the 2011 high until 2016, including even the top of the 2012 reaction bounce.