That's the thing about corrections: they are easier to call in retrospect.

While it was happening Jan 3rd was a "healthy correction" and then when the market bounced back to all time highs it became a "temporary flash crash". Has enough time passed for this dip to not qualify as a "temporary flash crash"? I think the answer lies in the next local peak. If we get batted down by resistance before making another all time high it will be obvious.