US majors setup for a 2.5~3% pullback. Be prepared!

Get ready for it. I might be 2~5 days early, but I don't think so. Get ready for a 2.5~3% pullback in the markets and get ready for the VIX to shoot higher over the next few weeks. Support exists in the market that will hold for another leg higher - but this is likely a top setup that is about to exhaust itself and collapse about 3% (targeting support) before attempting another rally.

The US market has legs to move higher, but this extended run, recently, has exhausted itself. Smart traders will pull profits here and prepare for a mild pullback. When this move happens, it might freak a few people out thinking a major top is setting up, but I don't see it that way. I see this as rotation into support for a further leg higher.

It might be news driven or it might be technical driven. All I know is that I believe we are days away from a decent (3%) correction and I'm alerting you now.

Follow me to stay informed and like my posts if you agree with me. Protect your longs. Be prepared for this move.