Of the 3 Fed rate rises promised this year, two have been delivered.  Now December is left.  The next correction will be January after the rise in December.

For now a “pause”, SPY will rise even higher so correction in Jan stronger.

OFC-

Oil: down (below 40wkma, macd moving average crosses over)

Fed Change: Dec

Calendar: January (it will be 23 months since last correction)

AND core inflation will be rising from 1.7 to 1.9 perhaps 2.0