Monday Update

The equities continue on sell/short Signals, while precious metals and miners continue on long/buy Signals. Silver triggered a sell/short Alert and needs a close above SLV 13.90 to confirm that Signal.

No change for the wave count options. We are still looking for a bottom to either intermediate wave (2) of [5] per the favorite blue count or intermediate wave (1) of [A] per the red bearish count. That low might have been made today, or we could see a slightly lower low around 2722ish tomorrow.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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