"IBD in The Big Picture column in tomorrow's edition will make the call "market in correction". Today was the 5th distibution day in last 4 weeks for the S&P500. And it was a distribution day that was made with conviction. It could not be mistaken. It was decisive. Still the call was unusual for IBD. The call went directly from "market in uptrend", to "market in correction". It is usually from "market in uptrend" to "market under pressure". Then after another decisive distribution day the call moves to "market in correction". The 5th distribution day today was so decisive they skipped the "market under pressure" and went directly to "market in correction".