The S&P 500 moved basically sideways today. There was nothing of significance to act as a catalyst for a meaningful bullish or bearish move.
The trend is still absolutely UP.
Everyone I talk to expects a correction from these levels. But who or what will be the catalyst to start selling? Why worry? If we get a trend break, we will deal with it then. No doubt, risk is high for some sort of correction, so deal with that in terms of profit protection and perhaps limit your new positions.
I cannot predict the future, but I certainly have no intention of letting profits turn into losses.
Check back later for a video analysis.