$USD

Whether stocks have started a real correction remains to be seen, but what looks screaming bearish to me right now is the $DXY.

DXY weakness will support portfolio global overweight and could mean GLD / GDX on the long side. I haven't been too active trading these but really more a matter of time. Obviously easier longs elsewhere, and as shorts there has only been one good drop in 2016 Q4 as I highlighted. Even this probably better used as leverage signal for longs than short. That said, a skilled trader can use GDX and leveraged ETFs to advantage. 

Quarterly chart
This is Bollinger band divergence - 2016 Q4 highs and close inside band; 2015 Q4 highs outside and close near band; 2015 Q1 highs and close outside band. At the same time, RSI divergence too. DXY back to 10MA and if that goes next MA support level is rising 20 and 100, currently near 90.

Monthly
Failed at prior highs despite a few bars above. Note RSI divergence too. Testing rising 20MA, if that goes no support until lower band and 50MA 91-92.

Weekly
Already under W10, W20 since March, and breaking W50 here - W100 next to test. Cannot say breakdown of lower band is ideal short position, but still. 

Weekly long term pivots
What looks negative is the decisive rejection of the YP and HP that happened just in the last few bars. This targets YS1 94.86.

DXY D
And here's the daily with 4 pivots only - D200 and YP break, attempted recovery then fail, another attempted recovery and fail - decisive rejection in last 3 bars.