Technical Analysis with .SPX
The $S&P 500(.SPX)$ remains below its short term moving average, breadth continues to record as negative, and momentum is now accelerating to the downside— this keeps all three correction criteria as active.
It is likely there will be sharp rallies along the way— but for now this corrective move is in my opinion in its beginning stages.
Initial target 4800 — with later consideration for a deeper decline 4500-4600.
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