The S&P 500's Larger Correction Is Underway, but It Can Still Allow for New All-Time Highs

6780 was breached, signaling that a larger market correction is underway. The technical setup could still allow a retracement up to 7120 before a multi-month decline resumes; tighten stops or reduce cyclical exposure near that resistance and watch for confirmation of a sustained breakdown.

Analysis

6780 was breached, signaling that a larger market correction is underway. The technical setup could still allow a retracement up to 7120 before a multi-month decline resumes; tighten stops or reduce cyclical exposure near that resistance and watch for confirmation of a sustained breakdown.