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S&P 500 | Time For Correction!?

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Hi,

S&P 500 (SPX) has reached inside the area where it may make a correction after 6 continually bullish weeks.
Technically, I did everything I could to determine the area which can act as resistance (it is difficult if the asset makes all-time highs), it consists of:
1. 3x Channel projections. They all should work as resistance levels.
2. Minor trendline (light-blue)
3. Short-term AB=CD and actually at the moment, we are on the D point. So, do not be surprised if the correction starts from here (3120-3130)
4. 2-3x Fibonacci Extensions
5. The middle number 3200.

Basically, at the moment is this situation - if you can draw some logical lines from somewhere then they run through the marked red resistance box. The second considerable resistance box stays around 3400 but I think we will see a correction before we even reach there.
If the correction starts then probably it goes back to retest 3,000.


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Best regards,
Vaido

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