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Is the Correction Over? - Real Time Insight

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The chart below seems to tell a very clear story. That of a stock market in a long term uptrend that had a healthy correction starting late June. So after a few week trip under the 50 day moving average it broke back above on Friday. And Monday it is extending those gains.

So which of the following is true?

1) The correction is over and stocks ready to head higher.

2) The correction is not over. Will head back under 50 day moving average shortly.

Please share your answer along with full rationale.

SPDR-DJ IND AVG (DIA): ETF Research Reports

ISHARS-R 2000 (IWM): ETF Research Reports

NASDAQ-100 SHRS (QQQ): ETF Research Reports

SPDR-SP 500 TR (SPY): ETF Research Reports

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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