Into the bell, the small caps (seen on the updated 30-minute ETF chart, first below) are still wedging higher form our earlier analysis. The strength in the IBB, biotechnology sector ETF, is keeping me from trying index shorts for now, even on the Russell 2000.
And gold miners are not closing so well today, seen on the GDX 30-minute chart, second below. However, volume was light overall today and the chart still has the look of a consolidation after yesterday's rally.
On the whole, I stood pat today and am patiently waiting for the next setup.
See you after the bell for my video market recap.