A 'by the book' Correction so far for the S&P500.

S&P500 Daily Chart @ Close Friday August 15.

So far so good for the Corrective Price Action; the initial Shorts circa 1970 now reset @ 1955 post the 1905 Profit/ take.
Friday's OUTSIDE Down Day in not only the S&P500; but many another index says the downside again should be under pressure come next weeks trade.