The dollar is firming, gold, the miners, natural gas, and oil are falling again. Biotech can't participate in the rally, and in my view is very bearish. Energy and commodities drove this bear rally, with the help of ever smaller Tech titans. This up move has no dance partners left.
For today, I think we test the bottom of the range and end up at the pivot again. So focusing on one good ES trade, and playing spreads on NADEX.
My signals are short GLD, GDX, and IBB. IWM will join them today. TVIX is still a long.
Good trading all.
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