SP 500 and NDX Futures Daily Charts

Stocks appear to be coiling for a move.

I am tending to take the short side here, in a paired trade with long gold without leverage. No miners. I adjust the mix intraday to try and capture some of the games as the wiseguys do a wash and rinse with the index.

I do not wish to be caught long until some semblance of order comes to the European debt situation. And not only is it not getting