Correction has only just started. Another 15-20 days to go. S&P 500 should go down to its 200DMA, currently at 3044. The 200WMA is not out of the question either, currently 2633. Expecting a counter trend move at some point during the correction that will suck in a lot of buyers for the next leg down. I am bullish stocks in the long run, so this will present a good buying opportunity.
Watching Skol's "Double Top" area in the GDX. Of course it was never going to break through on the first try. Once it does break through next resistance is at about the 40 level, retracement lows from 2012. I would take some profits at that point and wait for the reload.
