We had a correction today, as the Donald threatened to slap whopping tariffs on China. 

This was in response to China's throttling of rare earth mineral exports to the US.

'Only we get to do that, ' said J. D.  

The Dollar melted.

VIX soared.

Stocks dropped like stones, and went out near the lows. 

But there is still an open gap, notably on the NDX.

This was just a correction today, and long overdue, the bubble having become overextended in the pursuit of a big, beautiful stock market, the best ever seen.

Walt and the ESF decided to just let it slide, the better to skin your with my dear.

Gold and silver held their levels in the selling, with gold putting together a late rally. 

If we get a serious market reversal I have marked target levels on the charts.

We should, by historical standards, get a rally shortly. If it fails to make a new high, we could be slipping into a crash sequence which I will be following real time.

Have fun.

And a pleasant weekend.

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