#SPX Correction in Process - When Will it Move Higher Again?

Hi everyone,

so SPX has been performing like I forecasted. Have a look at the last analysis:

Now the index is nearing its all-time high. And in my opinion, it is just a matter of time when it takes out the all-time high.

However, having a look at the index now, it can be the case that the SPX can do a correction lower in the next week or 2 before extending higher again. So I am expecting the next week the index to extend lower.

I have drawn you again 2 possible scenarios in the chart which I will be monitoring through the next week. Lets see. I wish you a nice and relaxed weekend.

Cheers and trade with care

Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.