The 22.01 downside target I flagged at the beginning of the week worked beautifully, enabling bottom-fishing less than two cents off the intraday (and weeky) low. It occurred on Friday at 22.03 and gave way to a strong bounce that could have produced a quick profit of as much as $10,000 on four contracts. No one reported doing the trade, however, so I provided no further guidance. The extent of the bounce is unpredictable at this time, but because it has come from a Hidden Pivot target that took more than three months to reach, we might expect it to continue untroubled for at least another 4-7 days if not significantly longer.
SIH22 – March Silver (Last:22.48)
