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Why I consider the market status in correction although the market rallies?

My colleague at work asked me that question when we discussed where I think this market will go. The answer was simple. SPY broke down from head and shoulder pattern on a very high volume and suffered some sort of a mini crash since then. It basically created a lower low and corrected to a lower high. Thus I believe that this rally is just a bearish correction. There fore I consider this market still in correction although in a very short term we have a rally.





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