If we get a correction down in the market, I think this count might be right on… However, the Gold chart posted earlier gives me doubts unless (and it has happened before), Gold goes up and the mining stocks crash….

0627_GDX_2HR

Now if you look at the Wm%R from the Daily GDX chart, we could be reaching a bottom in about a week (e.g., if we get a simple ABC type correction with divergence as highlighted).  The fact that the ADX line is turning up is telling me this Bear may just have bigger legs…. Just need to let it play out….

0627_GDX Daily Trend