We still are probably "no man's land" on the index charts, between the 50 dma and the 200 dma (btw, "dma" = day moving average - simple average). With a good CPI number this AM (viz., a decline in the year over year core CPI), maybe the approximate 38% retracement will be the extent of the correction.
I deployed some fresh cash in the Krypto Fund per prior post and my Alpha Fund has full allocations, but no margin. When I think we've made a base and an uptrend is imminent, I'll start to go on margin. And IIIFFF a new trend gets established, I'll go to 200% long in the Alpha Fund by buying dips.
Until those events occur, I'll wait. With a so-so or poor CPI number today, it might be a good time to take time off & do my taxes (arghhhhhhhhhhh).
PS: we got a blah number - neutral. the stock market will probably chop awhile, forming bases. Time to start preparing buy lists & watch for news.