Correction

The correction looks to be here and could last a couple months, kind of.

I don’t see this as the end of the bull market by any means.

I think a good 6 to 8 weeks of correction and basing action would be just right for a strong run through the fall and winter.

Time will tell but cash is certainly a great place to be for the most part until we see setups form.

I sold a lot today to lock in some really solid gains over the past month ro so.

SPY broke the uptrend line as well as the 50 day moving average on volume.

242 is the first support level to look for.

No rush.

I’m letting this play out and waiting for perfect buy signals.

Have a great weekend.