Answer the question: What is happening in the market today, a correction✅ or a reversal📉?

The market on January 8, 2025 is witnessing a correction 📉 if the declines are temporary within the general market trend, usually due to profit taking or asset revaluation. However, if there is a radical change in the general market trend, supported by major economic news or data, this may indicate a reversal 🔄. The distinction depends on the duration and size of the decline and the performance of technical indicators.