They called that one a intraday correction. A lot of the media only count it as a correction if it's down 10% based on closing numbers. A little bit dumb but that's what they do. There have been a few almost 20% corrections in momentum stocks in the last few years. The last correction a good bit of people count is the one back in 2011.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.