Markets don't go up in a straight line. Why you can EXPECT A SHORT TERM CORRECTION in the markets

I was in the papers yesterday for saying why you can EXPECT A SHORT TERM CORRECTION in markets, specifically why the $S&P 500 Index(.SPX.US)$ is at risk of a short-term pullback.

2. China's economy could be in strife. See my prior notes.

4. The SPX 15-day SMA crossed under the 30-day. The last 6 times this occurred over the last 2-years, the S&P500 $S&P 500 Index(.SPX.US)$ fell 7% on average. See the chart below.

5. But why could the correction be short-lived? There is an increasing amount of capital being invested in the S&500 $S&P 500 Index(.SPX.US)$, as interest rates futures expect The Fed to cut rates in early 2024.

5b. Most of the ETF flows over the last 12 months into the world's biggest ETF, iShares S&P500 ETF $iShares Core S&P 500 ETF(IVV.US)$, have taken place over the last 4 weeks. This tells you most investors are bullish. Yep, that's right. 60% of the money that's flowed into $iShares Core S&P 500 ETF(IVV.US)$ over the last 1 year, flowed into the ETF over the last 4 weeks. WOW!

$Invesco QQQ Trust(QQQ.US)$

This information is general in nature and does not take into account your objectives, situation or needs. Consider the appropriateness of this information in light of your personal circumstances before making investment decisions.