The general stock market is still in an uptrend. It is currently taking a rest I believe and a sideways movement is very healthy for the stock market. A market that goes up non-stop is not very good in the long run.
In summary, we are still in a very bullish market and in a strong uptrend. There is no cause for any worry at the moment as long as the SPY holds the support in the 60 min charts.
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