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S&P500 ran into this cluster which acted as important S/R zone for months (zoom out). Price got into that zone in form of rising wedge and there was no meaningful pullback for almost a month so now the correction down would make sense. Alternatively we could see final throw up (one more push up) just to test the major downtrendline (red). Anyway decision point is coming.

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Just in case I wasn't clear, the S/R zone should now act as resistance as price came into it from the downside.
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Check new analysis here:
S&P500 up then down
BTCChart PatternsDJIDXYS&P 500 E-Mini FuturesNASDAQ 100 CFDNASDAQ 100 E-MINI FUTURESSPX (S&P 500 Index)StocksTrend AnalysisVIX CBOE Volatility Index

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