S&P500 SPX Key-Levels - expecting a 3% move down. Then moon ;)

• Going forward into the second half of 2024 I have given some key levels for you to have a look at. They mainly consist of yearly Key- Fibonacci levels.
  
• as long as we stay in the black channel I would expect a rebound from the 5390-5410 area.
  
• However - a break below and a bearish chartpattern on lower timeframes will be closely monitored to see if we could retest the important level of 5180-5100.
  
• The Quarterly Candle will close bullish - so we expect a bullish continuation as well.