S&P 500 Reached The Top - Correction Underway
The S&P 500 looks to have reached a significant top - being rejected from the 1:1 Fibonacci extension on the Weekly Timeframe.
With other confluence like the rising wedge, high weekly RSI levels, and a decreasing momentum on the MACD, all things point downwards for the stock market in 2025.
The next target would be the blue zone where a potential chance for reversal could occur.
A top in the S&P 500 could also signal tops forming on major stocks like
AAPL, 
TSLA, etc. so keep a lookout.
With other confluence like the rising wedge, high weekly RSI levels, and a decreasing momentum on the MACD, all things point downwards for the stock market in 2025.
The next target would be the blue zone where a potential chance for reversal could occur.
A top in the S&P 500 could also signal tops forming on major stocks like
AAPL, TSLA, etc. so keep a lookout.
כתב ויתור
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