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My Chart Shows When to "Worry" About a Correction on the S&P 500

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Friday was another down day in a relatively volatile week where not every dip was what it seemed. 

We've only had 13 other trading days with a drop of 1% or bigger since February 2016.

But for us, that number isn't much of a surprise.

You already know that we've been in a grinding bull market since that early 2016 double bottom, excluding the minor pullbacks following the June 2016 Brexit vote and the October 2016 pre-election jitters.

Other than that, the story has gone like this: push up, enter a sideways box, push up, enter another sideways box...

Lather, rinse, and repeat...

The chart picture is striking, and I'm going to show it to you along with a chart that shows when we might have to start moving to a defensive posture...

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