Last update noted that we could finally be nearing a correction, and here we are. I spent a lot more time charting than I had anticipated, so I'm going to let the charts do the talking from here.
SPX weekly:
SPX near-term:
SPX Daily:
INDU:
In conclusion, last update's suggestion that we could finally be nearing a correction is no longer in doubt -- we are officially in our first decent correction since early December of last year. The pattern off the high is a bit screwy, so there's little in the way of concrete targets at the moment. Trade safe.
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