S&P 500 Signals Short-Term Correction as Breadth Divergence Deepens, but Final Upside Wave Still in Play

The S&P 500 has entered a short-term correction amid weakening breadth and an extended Elliott Wave structure. The article argues that one final rally leg could still occur before a larger bearish reversal, pointing to a cautious near-term setup for equities.

Analysis

The S&P 500 has entered a short-term correction amid weakening breadth and an extended Elliott Wave structure. The article argues that one final rally leg could still occur before a larger bearish reversal, pointing to a cautious near-term setup for equities.