NEW YORK (TheStreet) -- Fear indicators spiked higher on Tuesday as politicians again failed to reopen the U.S. government.There was no major breakdown in equity markets, but fear indicators were bid higher as investors looked to hedge a potential selloff if a deal cannot be reached by Thursday. The first chart below is of Market Vectors Gold Miners ETF ( GDX). Gold was bid higher, which led to an outperformance of this industry group, even as most investors turned away from equities. The chart below shows a solid technical set up, as the price action coiled tightly the past few days. The breakdown of talks in the late afternoon hours was enough to propel the index higher. If a deal can be completed prior to Thursday, a relief rally in equities would probably ensue, leading to the selling of gold miners. On the other hand, the price action again looks wound tightly, so further political impasse could lead to a push towards monthly highs.