Did the stock market receive the correction that Toni Hansen was looking for?

The momentum in the stock market heading into Tuesday remains more bearish.

The stock market is expected to have a more difficult time again this week, with concern over inflation and a slew of economic reports.

The market is still mixed into Friday. The Nasdaq and S&Ps look more bullish, while the Dow can very easily form another 60-minute bear flag and pull back into the lower end of the trend channel.

Volume has been at some of its lightest levels of the year and the indices have had a difficult time budging.

There is a bearish bias intraday heading into the day on Wednesday, due primarily to the light volume on the slower than average upside move throughout the afternoon.

Thursday's another busy day on the data front, and Wednesday's strength has turned the momentum around in the Nasdaq Composite.

The stock market has resistance in the congestion zone from last week along the highs. It's not convincing that the bulls are going to hang on this time.

Toni Hansen writes that the indices have more room to head lower as the week progresses.

The stock market tends to have a difficult time maintaining a move like Friday's into the next trading day. Even when the selling resumes, it's usually much more gradual and hesitant.