Comparing the current S&P500 correction to the previous one in September 2021 reveals:
1- This could be the first phase of correction(A), and we may have a B and C in the coming days!
2- The first part (A) is -5.28% (11days) in Sep 2021 and -5.24% (8) in December 2021, Rate of change is 36.5% higher this time..!
Conclusion:
Correction at a higher level with a higher rate of change makes a deeper "C" possible..!
Best,
Moshkelgosha
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