Connecting previous tops with corrections of 10%. Just eye balling the last 20 years, probably 80% of corrections have been under 10%. In that case 5500 would be that target of 10% correction. The 2018 tariff reaction made spx to drop out of the channel of 10%. even if that happens a corrective rally from 5500 is a strong probability before it falls below 5500
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.