I have been long SLX for a while and what I think we are seeing is just a very whippy consolidation pattern in a range roughly from $10 to $13.50.
As you said Hilldweller, u have to be a great trader to pick all the turns in this range, so patience is required.
I am bullish SLX and think it will eventually break higher, but we may have to wait until the $13.50 hurdle has been cleared. Until then we can expect more of this choppy trading.
