After the chart these correction patterns were last seen in August-September 2011. This is a healthy correction as long as it is kept within the main channel support line above 170. The market didn't want to go above 210's range, so this creates a wider trading range. If this breaks below 170 in the following weeks then we'll be in a bull market, if not this will be a trading market in the 170-210 range until the feds decide to increase the interest rates.