When this correction started we wrote that we thought that instead of a bear market we could simply be in a market like in 2015 and that market was trying to carve out a new range.

Let’s take a look at monthly chart SPY — so far similar action.   Traders, including us, are guilty of short-term views– we want things to happen now, bottoms to be hit, ranges to break.    But quite possible we’ll be in this one for a while.

That being said, that initial fear of the correction now has waned and individual swings should work better than they have in the last few months.    Tons of earnings this week and a lot of them on stocks we are watching for breakouts.    Our favorite moves of all come from break-outs combined with earnings (and the other side, our least favorite, is breakout with analyst upgrade).    See you on StockTwits/Twitter.