"Don't sell at the top, sell only if there's no rally after the reaction" ~Jessee Livermore. This market has been buying the dips, which is a rule in an uptrend market until the trend states otherwise. This is what has been happening so far. This market is facing changing circumstances from the time Yellen was the chair woman at the Federal Reserve
. Increase of interest rates have been looming the horizon for a long time. It just has to be as smooth as possible to avoid a market overreaction. However the profit taking is unavoidable, after all nobody died poor after taking profits. And this time after the accumulation we have had the correction after a profit taking could make the market look bearish
for a while. A 10%-30% correction at these levels is not the same 10%-30% correction at lower levels. So brace yourselves, and trade wisely, a bumpy market is in the Radar.