Not long ago I warned of high degree sell alerts, similar to those I got in late 2020 and since.
They are high degree in that they play out over months, not days or weeks.
While the action since that advisory has been bearish, it has yet to be conclusive or forceful.
From the buy side, I now have buy signals at similar degree for GDXD (but weak, and pending EOM).
For ZSL (short silver), I’m seeing us nearing trouble but not there yet.
No buy signal yet, but with key indicators at -5 and -7 and rising [-50 to +50 scale], we could see them next week.
At even higher degree, signals (to short silver) are not yet in range but that could change by yearend. Too soon to say.
Needless to say, this outlook is at odds with the uber bullish wave counts in vogue these days.
I fit EW to my work, not the other way around.