Elliott Wave View looking for SPX Rally to Fail

Chart of The Day and video on the Elliott Wave Outlook for SPX. The current correction is expected to fail as a double three Elliott Wave structure

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GDX Cycles from the January 2016 Lows

Firstly, the GDX ETF was created in 2006. From there it bounced higher into the September 2011 highs. This not shown on the chart however the price trend