SPX500 is in front of correction...

OANDA:SPX500USD   S&P 500 Index
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SPX500 is in front of correction. In our opinion, there is a possibility of greater correction. The speed of rising motion decreased. If the assumption is correct, the exchange rate may lose up to 10%. Correction is around 2227.9 levels. Starting the correction from the 2483 usd level. The larger downward wave would be preceded by a triangular movement. This triangle movement is broken down, we expect more movement. This theory can be supported by a rising dollar exchange rate.


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