Targeting 5700-5730 in next week or two. This is still only about 5-7% correction from peak. Ideally we need a10% correction. Which means 5650 should be doable.
Break of downtrend on the way to previous highs. Note there was also a volume POC that it crossed which means many traders have their entries below so everyone in profit and holding for more.
Spx following the trend line down. With volume poc and last support near 5700 it looks much more reasonable to expect a visit to 5700 before resuming the up trend.
AMAT volume gap fill to 185, there is no volume till 185 and that should fill. also at 185 there is a POC for volume profile which is is critical resistance.
