SP:SPX   Der S&P 500 Index
Last week put us in correction territory.
Technically, I'm looking at the range between last year's low and the ATH             , notably the 2500 level for a reversal signal back towards the upside.

Fundamentals not just in the US, but globally still look strong and so the dip might be short-lived. Market volatility seems to be back and any move towards the upside can be expected to be a rocky one.
A period of consolidation could also be considered as a breather after a very long bull run; while investors await how exactly business will be affected by increasing interest rates, and the recent cuts in taxes and regs.
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