All price action features consolidation points, corrections, and retracements. It’s an unavoidable and even quite necessary Universal tenet.
In fact, an old mentor of mine once schooled me that he wouldn’t buy into a rally or short into a sell off without a retracement or correction because it’s providing the volume or fuel to sustain that market thrust.
Is the market now going to have a truly meaningful sell-off or will the rally continue? I have no freaking clue. It’s all about calculated risk.