Several weeks ago, there was a fair amount of ink devoted to the topic of "it's been a really long time since the markets have corrected." Well, it has been. As the charts below show, the SPYs are still in a strong uptrend, the QQQQs are consolidating in a sideways move and the IWNs consolidated sideways then started to rally again.
All markets correct; it's not a matter of if, but when.
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