Talk about a market turn around!

What the frick just happened?

The market was up over 10% YTD today and ended up dropping 1.2%, since November up 21%. We dropped 1.2% and are still up over 8% YTD. People are freaking out about a 1.2% drop. If you are active in investing/trading you should've started to be cautious with a bunch of junk rallying and other signs of caution. We are now 3 days in a row closing under the 8ma and the first close under the 21ma since Jan. Expecting more pullback. Normal cycle of markets. we were not going straight up all year.

ETA Tax day is near and people are likely dumping to cover tax bills, once the market started diving it is the snowball effect. People are thinking time to take profits and wait for this to flush out