S&P 500: Already reached the summit?

٣١ مايو

According to our expectations, the overarching wave (1) in magenta should extend to a new record high. Only after this impulse do we anticipate an extended wave (2) correction. However, please note our alternative scenario (38% likely). This option will be triggered if the key 4964 level is breached and implies that the price is already in the correction.