Markets is still acting very strong more than I had thought 1 month ago. I expected a major correction in June, but as mkts kept staying strong I believe we wont see any larger corrections before probably August/September this year.

So most likely that we will still go higher but on the very short term we could see a pullback to 1925-1930 and possible 1900.

We might top out early this week and then start a pullback afterwards.

1. VIX is near low levels and expect VIX to bottom here at 10

2. Gold should start a slow pullback into mid July from here, so expect a brief pullback on Gold to 1285-1300 range.

3. Markets should top out early this week and start a pullback/correction down to 1925-1930 and possible 1900 too.

4. NYSI extremely overbought too suggest we are due for a breather here.

Conclusion:

All in all , we should see a top here early this week and then start a pullback down to 1925-1930 and possible even 1900 before we are going to see another rally to new all time highs afterwards.

So short term expect a move down from here.