Based on the analysis, the S&P continued its upward trend from the bottom of the channel, wave 1, and reached the top of the channel. Going forward, I expect a correction in wave 2.
Thanks for your analysis! I see a more shallow wave 2, imo melt up phase is not over yet. Bullish sentiment is not strong enough yet to justify a strong pullback in my view. Looking to go long at 4050 to next target at 4250-4300. GLTA! If 4050 breaks strong will have to rethink and cover!