The DJIA also crashed with gold so any rush to a safe-haven sure looks like it’s not working this morning. The only question is how deep this can go during the month of July. A bigger bearish phase should slice my support line and eventually the 26,460 price level as well.
The mainstream analysts called for DOW 27,000 after which it crashed. Now the experts will give us all sorts of forecasts how deep this “Correction” is going to go. If we have a Cycle degree wave 3 top then this requires a Primary degree correction down to Minor degree.
3-degree levels above Cycle degree and 3-degree levels below Cycle degree have always been my goals.
I treat solar cycles like an emotional fundamental as the entire world seems like it’s in a climate emergency! In reality, the markets don’t give a shit about climate change as we have had a bull market since early 2009! Has the climate changed in 10 years?
Until solar cycle 24 ends and solar cycle 25 starts I will remain bearish but try and catch any larger reversals when possible.