The correction should come to an end within about 2 weeks, if it is going to be a shallow correction.
Sometimes corrections are deep and sometimes they turn into a bear market.
Watching the small cap ETF (IWM) and the Market Breadth Ratios should tell us what scenario we will end up with.
If the oscillator on IWM turns up within the next two weeks and the Market Breadth Ratios improve, we will have a shallow correction and an excellent opportunity to buy long positions.
The 5 day and the 10 day Market Breadth Ratios improved from yesterday. We should keep on watching and see what the Market tells us.
The 5 day and the 10 day Market Breadth Ratios improved from yesterday. We should keep on watching and see what the Market tells us.
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