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Swing charts can clarify structure and eliminate noise. This is a daily chart of the S&P 500 (cash index) with our AlgoSwings® indicator applied on two timeframes. This tool does a fantastic job of eliminating the noise and highlighting the important market structure (but remember that it is a backward-looking tool—you cannot trade the structure quite as easily at the hard right edge of the chart.) Today, the media and twitter feed were full of speculation about whether this is the end of rally, etc. My advice would be to shut all that out and focus on price and market structure—price is all that pays and this is all that matters. In this case, it’s clear that the recent “selloff” is only a natural decline, and that the market would have to decline well below 1750 to raise any significant concerns about the health of the trend. Cultivate balance and control and avoid hype and emotional reactions to normal market movements.