We took the profits from our short position in the ratio, as well as the profits from the silver long position. For now I expect to see some sideways trading and the ratio could pullback towards the 93-94 area. I don't see a reason to go long in this case, however it is an opportunity. If you wish to take the long position in the ratio - bear in mind the fact that the silver market is very strong and the trend could easily be broken without retracing back towards the 93-94 area. To monitor this - close out the long below 87.5 and enter a short position again targeting 81.5. I will make another update as soon as I see some movement.
Trade closed: target reached:
I hope nobody took the long, since I mentioned that it was quite a strange idea. By going long the ratio you are basically shorting silver - suicide in current conditions.