S&P 500 3000 First And Then…?

Below is a weekly chart of the SPX showing the summer top “Y” and “Z due early next year near 2100 (the 4 year cycle).  I’m looking for a 33-34% drop!!

(Click on image to enlarge)

Below are charts of the dollar and the mining chare index GDX. The dollar looks toppy into late May and early June. The mining shares still look weak to me and are likely to fall as the stock market rallies into May 20. After May 20th, I believe we begin the “c” wave of an a-b-c type rally off last summer’s low. I believe a 36-37% rally is due in this sector once we bottom. NUGT should do very well, in my opinion.

(Click on image to enlarge)

(Click on image to enlarge)


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