Mini DJIA Intraday Record High update

The E-Mini Dow hit a major peak last Friday and has now started a bearish move. The DJIA peaked about 26,922 just short of the 27,000 that many analysts were calling for.

The problem is that they never can tell how deep any correction will go until its too late.

For the rest of this month, we should know if a big top is in but I start a count-down anyways.  If the big party is over then the correction that is coming will be much bigger than most are expecting.  If we are at a Cycle degree peak then any bear market will just be a correction, but it will be a Cycle degree correction.

I could be early again but gold has also turned today. Most of the month of June gold and the E-Mini moved up together, so I have to question the stability or the life span of our present gold run as well.

To automatically assume that gold stocks will soar if the markets go for a mini-crash is wrong. When markets turn bearish then investors can sell anything and everything just to save their asses (assets) from a complete loss, throwing out gold stock ETFs as well. Instead, many analysts are calling for a FOMO inspired melt-up in stocks!

The solar cycle 24 bottom is ahead of us, close to the late 2020 time period and until solar cycle 25 starts, stocks can still act very bearish.

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