Quick Airpocket Ahead, Miners Look Good

The stock market is due for a sudden air pocket, likely from Tuesday to Thursday this week. My downside target is 2398 +/-. We are due for the 10 week low from April 13, 2017. The SPX is making an irregular abc type (y) wave top that is not being confirmed by stochastics or the MACD daily. Last time we saw this was May 16-17, 2017 on the 5 and 7 week low.  The pattern is bullish once resolved. We should see a final top on or near July 5-7.

Higher prices are in the cards into either late June or early July on the 43/44 week highs and we are near a 38 TD top (thanks to Yani from London, England for showing these to me). These agree with my other cycle work as well.

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GDX is sporting a very bullish xyz pattern bull flag.All thing being equal, we might expect GDX go up into the high 24.00 area near 24.75 no later than late June or early July. This appears to be an Elliott bear rally, so beware.I think much lower prices are coming.

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