Since May 2021... the 
SPY has had 5 (five) 2% dips that have corrected. During the last run up prior to this 18mo push, the SPY dipped 3 times before taking the big dip. Granted the last move was a shorter time period, so I would think that the fact that it has more dips can be seen in correlation to its length. Prepare for a correction soon. In my head I'm thinking we can see a 5%-12% dip in the coming weeks... if not days... unless Uncle Sam continues to play this printing game things could get ugly for a lot of portfolios....
SPY has had 5 (five) 2% dips that have corrected. During the last run up prior to this 18mo push, the SPY dipped 3 times before taking the big dip. Granted the last move was a shorter time period, so I would think that the fact that it has more dips can be seen in correlation to its length. Prepare for a correction soon. In my head I'm thinking we can see a 5%-12% dip in the coming weeks... if not days... unless Uncle Sam continues to play this printing game things could get ugly for a lot of portfolios....Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.