And here is it early in the sequence on the weekly. Looks like healthy pullback to me. There is no reason obvious to me to be short. ---We'll see if I'm wrong.
Short term intraday bottom in just now in my opinion. I wouldn't be surprised to see a big rally into the closing.
You may be comparing apples and oranges as a single price bar in isolation is essentially meaningless. 4 % over the course of a week is a different matter than 4 % in a single day. Besides - didn't you label the crash in March a healthy correction, too?
It seemed like the use of those charts was a primary factor for you in believing the bull market was not dead (during march sell off). And obviously the last 5 months proved this idea / your methodology correct. So why not sell yesterday? Could you elaborate on where 4200 target comes from?