I think a correction is overdue and I also believe we are in a secular bear market which will see the March lows and break through it.
Looking at the chart I would say we might have a double top and if it breaks through the 50 day then we will see a correction. After this we could see buying come back with all that sideline money coming in to chase the technical rally higher.
Looking at the chart I would say we might have a double top and if it breaks through the 50 day then we will see a correction. After this we could see buying come back with all that sideline money coming in to chase the technical rally higher.