8:37 am. out VALE breakeven. IAU print at 11.57 for 171,419 shares.

8:20 am. I was looking for signs of a bottom, but all I see are signs of a top. SPY had a 502,000 share print at 226.78, which if we close below is bearish. AAPL looks like it is topping out as well and had a 600,000 share print at 119.81 which if we close below is bearish. The QQQ looks like it might have completed five waves up this morning. Today’s close is going to be interesting, especially with Trump about to be sworn in.

The GDX RSI also never went into overbought territory with this most recent high a few days ago. And the GDX made a lower high, yesterday which is interesting, it could be interpreted a few different ways….