Im not an expert on Indices and certainly I be clueless when it comes to fundamentals - However; I can do a little bit of tech view.
While there are many reason to believe based on tech we have the top in and after a little bit on correction to or around 2,800 handle and a halt - we can see decline back for newer yrly lows and ideally heading to around 2,400 handle. A break lower puts focus back to monthly equilibrium point between 1900-2000.
i.imgur.com/VmJORVK.png
SPX Monthly - Tried to explain within the charts
i.imgur.com/6nSqrvx.png
SPX Weekly - Mimicking the Monthly chart.
i.imgur.com/Wa1X24V.png
SPX Daily - Possibly providing light to where the current correction should / could end.
While there are many reason to believe based on tech we have the top in and after a little bit on correction to or around 2,800 handle and a halt - we can see decline back for newer yrly lows and ideally heading to around 2,400 handle. A break lower puts focus back to monthly equilibrium point between 1900-2000.
i.imgur.com/VmJORVK.png
SPX Monthly - Tried to explain within the charts
i.imgur.com/6nSqrvx.png
SPX Weekly - Mimicking the Monthly chart.
i.imgur.com/Wa1X24V.png
SPX Daily - Possibly providing light to where the current correction should / could end.