Because these heavily traded markets tend to produce well-behaved symmetrical inversion patterns, I believe the current correction will last a few weeks and will be followed by one more higher high, as discussed here.
The equities turn dates for June are given below. Towards the end of June we may see a low that could reverse the markets back up.
6/1/13: S&P Mars 72°
6/6/13: S&P Geocentric Saturn 18°
6/7/13: Geocentric Neptune Rx Trine Saturn, Venus
6/11/13: Nasdaq Mars 36°; Ceres-Venus Conj 36°
6/13/13: DOW Ceres 36°
6/19/13: S&P Geocentric Jupiter-Sun conjunction 36°
6/20/13: Summer Solstice
6/22/13: Nasdaq Ceres 36; Geocentric Ceres enters Leo
6/23/13: S&P Geocentric Jupiter 36°; Full Moon
6/26/13: Jupiter-Venus Opp; Geocentric Jupiter enters Cancer; Mercury Rx
6/26/13: Nasdaq Geocentric Sun 72° Trine Neptune, Saturn
6/29/13: S&P Jupiter 36°
6/30/13: Nasdaq Geocentric Ceres-Venus Conjunction 36°
|6/23/2013: S&P Geocentric Jupiter 36° Cycle|
|6/29/2013: S&P Heliocentric Jupiter 36° Cycle|
6/5/2013 AddendumIt looks like SPX will re-test this major trendline before heading higher.