Finally SPY whacked from the DecR1. It is hard to know how much to read into such a move given the last day of the year and new pivots all around for 1/2/2018. VIX did not recover a pivot and XIV stayed above its Q4R3 in a similar range.
TLT and GLD have already been giving clues, however, above all pivots. GDX pick off the YP was the second time this year the site has had a great trade on a GLD or GDX YP.
SPY and XIV below.
