It's been a little over 6 months since the most recent correction began in January '18. I know some still believe the market is in correction and will test the previous lows and may even breakdown. However, with the market only about 3% below previous highs the recent correction possibly ended in March '18.
Since the average time for a correction to reach a new high is 4 months (which is the end of July '18), I'm thinking there is also a good possibility of a breakout. In my opinion, the market is more likely to advance over 3% than decline 8% in the next few weeks.
.Breakdown or breakout? I planning on a breakout.
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