I will probably look to enter the long side on the mining stocks today. /GC made a higher low and /SI is also making a series of higher lows. Let’s see if SLV can close above 16.23 today.

Today’s GDX resistance is at 20.78, 20.95, 21.06, 21.03, 21.18.

The QQQs are still on target to reach the $120 area. Yesterday I saw a massive about of market maker selling – billions of dollars worth. SPY had at least 9,000,000 shares traded at 226.46, and QQQ at least 2,000,000 traded at 119.50. Those are levels I will be watching.

Silver Wheaton’s chart plus /SI was the reason I got out of DUST at the close yesterday. I am glad I did. The circled pattern on SLW is typically a bullish-corrective a-b-c pattern and a bull flag and it closed positively.