(Blue circles indicate when around $30 billion disappear from the market)
I think the big players are responsible for these pullbacks/corrections we see. We seem to lose around $30 billion each time this happens.
After a significant rally, we'll see a sell off when the big money collect their profits. Once the market seems to stabilize, they reenter causing another surge.
Market cap before this correction was around $175 billion. We are currently at $147 billion. Watch as we start seeing the $30 billion reenter the market!
Let me know what you think in the comments below!