we have seen this for comex gold we will see if that continues given some of the dollar weakness >> let'salk more about the early market action. joining us on the cnbc news line is "fast money" trader, guy adami. he works days, nights, thanks for being with us. the s&p 500 setting up for almost the best week in years. >> unbelievable. thanks for having me on. nocturnal, i'm always around this could be the fakeout day. i am not going to pretend to say that i thought this bounce would happen the all-time high was a few weeks ago. we traded down it 25, 30 or so where you are seeing the s&p right now, this 27, 30 level is a correction of that range i would suggest we might have an opportunity to fail this morning or sometime today and close lower. i don't think this volatility is going away i can't believe we have had that much of a text book correction to the 200 day moving average. this is just going to go on. if you are asking me what i think is going to happen i think today is going to be the head fake day and we will wind up closing lower >> let's talk about why you think it is that way