Lions.. it appears that this market has entered a corrective phase, which is bullish. No asset ever goes straight up without a corrective phase. As traders we must from time to time deal with corrective phases.
I do not expect that this will be anything more than a run-of-the-mill correction 5%, 10%, 15%. These are normal, as as traders we should expect these from time to time- its a part of this business.
GM
Finally! I’ve been salivating at the mouth for this lol
Corrective phase??? Maybe, but this looks like a small bump in the road??? A 5% correction would bring the SPX down to 3,981 and the NASDAQ down to 13,359, so Markets just blinked at Biden's TAX RAPE PLAN!!! so far anyway... BUY THE DIP!!!