The pattern shown projects a potentially tradeable low at 59.315 that seems likely to be reached by no later than midweek. I’ve masked a part of the picture for proprietary reasons, but the pattern has already signaled a theoretically profitable conventional short as well as another toward the end of last week. Since the initial risk for bottom-fishing at the target would be $5000 a point, I’ll recommend the trade only to Pivoteers who know their way around ‘camouflage’ set-ups — and ditto for getting short for what’s left of the implied ride south.
$SIZ26 – December Silver (Last:65.02)