Correction time for the Market?

April 21th, 2024 - Update

Well, it looks like the market has decided to go into a correction. Starting from the NASDAQ weekly chart:

The index has lost about 7.6% from its peak and although volume was not high, the weekly MACD crossed over signaling a momentum change. The 40-week moving average is about a further 4% below current levels and that should be an area of support.

My ga…