Bond has a lower high day while gold surges

IEF is moving lower to close the gap and GLD surges. Money is moving to gold and some will move back to stock. This could be the start of the bear market rally. However, monitor closely when IEF gap is filled to confirm the direction.





The US$ index looks going to roll over. This is good news for stock as you can see the relationship of UUP and $SPX.





Now, take a look at $VIX, fear is getting lower as we get a "Bearish Engulfing" dark daily candlestick. Monday could be an up day if there is follow through.



A closer look on 15 mins of $VIX shows that VIX is touching the lower trend line the 4th time. Let see will it succeed to break down from here.



I'm still holding to my long IWM Dec 45 Call with some nice 25% profit.