Equities to risky right now to trade long or short,
The most probable trade I see is Gold,... IF we have a news even then it will explode. But that is not the basis for the buy which is important. I took a arse whoopin on TLT figuring to capitalize on a news even which never took place. Gold is a great long here because of the dollar which I expect is beginning the test of the recent lows at minimum and probably lower. Which is what happened Friday. My forecast last week was a test of 1257 which came into view but did not quite hit, we had a thrust/volume reversal on Gold and the Dollar. I took a position last Thursday in GDX with a 24.94 target. I see Gold testing the recent top/lower high at least then with no news event that may be it. If something happens then a cross the creek would take us to recent highs.
On a side not I have been monitoring a site that points out chart patterns which may be the new way to go as these generally do their own thing no matter what the boyz are doing.
Best
O