Correction now close at hand

The Dow closed today at 9791 or within 200 points just shy of 10,000 and the point of a correction. The S&P closed at 1068 or within 32 points of a correction as well. Looking at a 3 year chart of both indexes below you can see the Red line resistance level. I have used this chart a number of times in the past 2 months. If we should happen to actually cross over these lines, in my view it will be only temporary. September Options expiration is on Friday so let's see what the action brings tomorrow and Friday. And what if we go over both of these red lines? The expression is irrational exuberance and another expression comes to mind: The bigger they are the harder they fall!. If you haven't taken your profits, it isn't too late. Protect yourself and consider raising some cash. Protecting profits is a good thing.