$SLV short triggered enter on any bounce

I have been very cautiously watching $SLV for a short entry trigger and we got it with the close on Friday. The signal comes with a negation of the 20 day moving average and 33 support areas which have been unable to give $SLV a bounce all of last week.

This thing could open gap down, but I like to play it safe having suffered my share of gap up plays on put options. I am watching for a retrace short entry on this position at 33 or higher with a stop out on a confirmed close above 33.50.

1st downside target for me will be the 50 day moving average which is at 30.98, followed by 29.50.