Sideways Consolidation or Correcrtion?

The market has been experiencing somewhat of a sideways consolidation over the past few weeks. This is a much needed consolidation as the market has been on a historic bull rally and needed to cool off. But the major indices have not yet entered into any correctional territory, technically speaking. Will this consolidation lead into a full-blown correction? Or will the market break out into new all-time highs before making new lows into correction territory?

Hopefully, you were able to cover any long positions as investors and the media alike were highlighting many warning signs of an impending correction to retail investors. Personally, I have been commenting on these warning signs or a possible correction for about a month. Here are some of the examples below. You might be able to gain some valuable insight that will allow you to prepare for the next time we see these conditions in the market.

Several warnings about bearish fundamental, tachnical, and macroeconomic factors can be seen below.

You can also see comments about individual stock that were consolidating or experienced a consolidation/correction soon after the comments were posted. Selling in the money calls would have been perfect on any of these occasions. Buying puts would have been even more profitable in some cases.