Normal Pullback Nothing to Fear

Using the last two pullbacks as history, a -4% move lower would be healthy.  Chart below.

Bottom Line:  Markets need these -4%-6% pullbacks while keeping the uptrend intact.  The last two pullbacks were -3% and -4% since implementing QE3 fully in September.  So I am looking for a similar move lower which would keep the uptrend intact and lead to new highs in the weeks ahead. Thank you for reading.