A Squeeze Type of Riff

The move back over $113.70 on the IWM, a level had been tracking for the small caps ETF, took me out of two tester shorts inside Market Chess Subscription Services for losses earlier in the session. 

At the moment, I am sidelined and watching the likes of BABA, Goldman, biotech, and small caps squeeze ferociously intraday into a slew of big earning tonight, namely AMD SLB WYNN. The silver linings for bears may be that NFLX Is holding soundly in the red, for now, and we also have OPEX tomorrow which many are saying can often mark a short-term top. 

Still, it is what it is, and the action today has me leaning more towards a sideways market going forward in lieu of a another leg lower. 

A few inter-market trades still intrigue me, such as short the Euro, but I am going to let any potential signals shape up a bit more first before getting involved.