Last week put us in correction territory.
Technically, I'm looking at the range between last year's low and the ATH, notably the 2500 level for a reversal signal back towards the upside.
Fundamentals not just in the US, but globally still look strong and so the dip might be short-lived. Market volatility seems to be back and any move towards the upside can be expected to be a rocky one.
A period of consolidation could also be considered as a breather after a very long bull run; while investors await how exactly business will be affected by increasing interest rates, and the recent cuts in taxes and regs.
Technically, I'm looking at the range between last year's low and the ATH, notably the 2500 level for a reversal signal back towards the upside.
Fundamentals not just in the US, but globally still look strong and so the dip might be short-lived. Market volatility seems to be back and any move towards the upside can be expected to be a rocky one.
A period of consolidation could also be considered as a breather after a very long bull run; while investors await how exactly business will be affected by increasing interest rates, and the recent cuts in taxes and regs.