I think we are in a topping process for at least a 10% correction. The big question is if they are done shaking the tree yet?
If you look at the time cycles on the RSI at the bottom of the chart, the blue flags are the center of the cycle and the red circles indicate times when we saw a quick dip and then a move higher.
Once again we are seeing that happen. Obviously this could go either way as always, but it's not something out of the ordinary.