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.