update: 6:18 am

indices are perking up. There might be another rally to new highs, with GDX retracing back to the 21 sma. Two scenarios. If GDX breaks and closes below 23.10, then I think the retracement is in play.

/gc pulled back to the 1210-1212 area this morning that I expected. I think we will likely rally to 1224 and then we will see. The indices are probably going to feel very heavy today and probably are not going to move a whole lot.