Spot silver update

I'd like to see 50 cents come off of spot silver before buying back into USLV or JNUG.  I might be off by 1 wave.  What I labeled as 3 could be 5 but with a 3 wave move back up to the level of the prior 4th there is always the concern that it's just a retracement.  If spot silver gets to $15.50 its probably time to start looking for an entry point for a USLV trade.