The S&Ps opened up a touch like nearly every other day but then usually turned south. After slumped into slightly negative territory, the S&Ps spent the remainder of the session in a sideways chop near the lows to end just off the lower levels of the day with a loss of a third of a percent.

The dollar was mostly a little higher, with the DXY picking up just a touch. I'm still on "sudden reversal" watch for the DXY in what looks like a bear trap breakout above 100 and change. Yields were also a little higher once again, with the curve flattening.

BTC rose over 2 percent, but MSTR slumped 3 percent and back to its Feb low.

Commodities were mixed. Crude oil notably slumped over 3 percent and back to last week's low for what looks like a double bottom on the back of more "all is well, we have a deal" BS over the weekend. I would note that today's COT report revealed that spec shorts in Brent crude were at a new all-timer as of last Tuesday. In other words, this candle is about to be lit soon in my view.

Metals were mixed. Copper rose half a percent, while platinum retested its low of two weeks ago and bounced half a percent.

The DJP bberg commodity index ETF slumped another half a percent and is now hugely oversold on the daily RSI. I'm not sure what day it happens, but this ETF is going to pop and SOON.

Gold rebounded a percent back up to $4191, while silver rebounded half a percent to just over $65. Although when you factor in Friday's losses while the US was on holiday, all of these metals were down a percent or so.

The GDX gapped down and filled its June 15th gap before bouncing back up to Friday's low to fill the opening gap as well. After chopping sideways all day, the GDX would go out near the highs with a loss of just over a percent.

The metals and GDX are all still below their 5 dma, so objectively the bears remain in charge, but with gold, silver, and GDX all refusing to slide back to their recent lows and attempting to put in higher lows even as the DXY makes a new 52-week high, I still suspect there's a high probability of a rally developing out of nowhere. And I suspect it will coincide with a rally in crude oil and other commodities as well.

My gold model remained on a Tier 3 BUY for a second day. Recall, you often see this T3 BUY signal for several days before you get an upside reaction. But downside is typically limited during that period UNLESS the market is about to really fall apart to the downside and invalidate the signal. The latter obviously hasn't happened yet, and I am leaning towards the former.

Positions: Short SPY, QQQ, MDY, and IWM. Long IBIT, STRC, and DBA.

Metals: I knew I was a little early getting long on Friday, but so be it. Long GDXU, GLD, and AGQ. Long GLD 400, 395 and 405 calls for Wed. Long GDX 90 calls for Friday, which I added to for 9 cents today. Long SLV 62 calls for 9 cents and long SLV 64 and 65 calls for Friday for 12 cents.

And yes, Alan Greenspan (Sir Printsalot) died at par today.