ZSL is the 2x silver bear. If M+M are approaching a major bottom then something about the ZSL chart must be signaling a major peak. These leveraged ETFs are always in a long term downtrend because of the time value of the options used to implement them. The 2011 bear for M+M played out as a big 4th wave HT which has already likely peaked from a ZSL perspective. The 5th wave of a trend tends to play out quickly after a HT so this implies that the coming move in M+M should be rapid.
As soon as that lower rail breaks down, ZSL is going to plunge into wave 5 down and that means USLV is going to skyrocket along with the miners. Wear the silver slippers and follow the yellow brick road folks. The charts say that metals and miners are about to get serious.
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