All the stars seem to be lining up nicely.
- The dollar looks ready to rally.
- The VIX looks exhausted, but hasn't collapsed below trend.
- The S&P is heavily overbought.
- The gold/silver ratio has come in, but hasn't collapsed below trend.
- The BKX has rallied to the top of the downtrend.
For the record I am a buyer of SDS here.
Long SDS @ 71.25