MARKETS SPECTATOR: Healthy correction

The market yesterday snapped a seven-day winning streak but in a way that suggests there is still plenty of upside.

When a market undergoes a correction in an uptrend you want to see it decline due to a lack of buying and some light profit taking, rather than broad-based selling on heavy volumes. This is what we have seen so far and will likely continue during today’s session, which is a perfectly healthy situation.

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