Lower support levels were thoroughly tested and successfully defended today.

At this time there is not much of an edge to be found. In time, that is going to change. But, until that moment we have to stay patient, protect our capital and be prepared for the next move in ether direction.

Inverse correlation.

If you look back in recent history you notice inverse correlation between U.S. Dollar and Equities. Meaning, when dollar goes down,  shares go up, and when dollar goes up shares go down. Now we can watch for the same pattern to continue and/or for possible divergence to get an edge.

U.S. Dollar Index

Closed above 50 day average price first time in approximately four months.

for more insights on dollar trade see blog 23 April

The information contained herein is not, and should not be construed as an offer to sell or an offer to buy any securities

follow up, Silver

Patience doesn't mean just waiting, it means being able to sit and learn.
 Learn whatever you feel you need to learn.

for more insights regarding silver trade see blog 25 April

The information contained herein is not, and should not be construed as an offer to sell or an offer to buy any securities

Silver's worst four-day drop in over 30 years.

According to historical precedent: 
Markets that show this amount of pronounced accumulation followed by sharp liquidation do not completely heal and repair themselves in weeks, but usually months, if not a year or more.