$$ SPX $SPY Correction Update, Bull Market or Not?
3 months of advances on SPX was erased in 13 sessions, or 3 weeks.
They say it’s a sign of a bull market – small steady advances and quick vicious sell-offs.
There hasn’t been a whole lot of institutional buying so far.
As predicted, I’m tempted to hold SPY puts over the weekend, but last 12 Mondays in a row were UP days. What to do, what to do…