The beginnings of a SPX correction ?

FX:SPX500   S&P 500 Index
357 15 6
The moment SPX             touched the sensitive target area (blue box), an immediate negative index response ensued. Could this be the prelude of the long awaited correction. Let us examine the facts.

(1) The ascending triangle was broken and next typically followed by a mild rise. It seems that the third decline phase is about to begin.
(2) Further substantiation of a possible correction may be deduced by the completeness of the RSI-wave total number, which assumes a value of 13. Usual peak numbers are 5, 9, 13, 17 and 21 (last two being rare but not impossible).
(3) Both PSO             & WT indicators are currently providing sell signals.
you think that we go see the corrections the next three weeks
how much you see the real corrections comming 10 or 20 procent ,, let me known many thks
cfetrader pascal.lambrecht.522
A 38,2% Fibonacci correction of the whole rise since 2009 would not surprise me at all, something that would translate to a -25% loss of stock index SPX value. However if this is the beginning of a C-wave, then a much more severe drawdown is possible. We will know in due course. Watch carefully RSI(2) in the monthly. Whenever we get a positive divergence, then is a good time to renter the stock market. This is the best measure of the appropriate correction level.

i hope the next weeks to correct the market but i dont known what is the game of fed and fomc they controle the game of the stock market
if the fed want it but the fed control everything already i agree with you but the fed is the game
cfetrader pascal.lambrecht.522
A monthly frequency analysis of SPX is given below. The time for a correction is now.

you think corrections start already or not yet
cfetrader pascal.lambrecht.522
There is a cluster of Hindenburg omens gathering.

Eventually amidst of the false alarms, it takes only one to come true. I believe the time is right for a big correction, if it is permitted/allowed by FED and the algos (fixed in buy mode only).

The "smart money" is offloading stocks on a regular and controlled fashion. The market is truly kind and generous, giving ample time & opportunity to sell at excellent prices and capitalize the profits from 2009.

i have see you charts so it is like to hit begin july around 9 july interesting
when you see this target in july or august or september to reach 1800 this level ,,
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