SPX has rolled over close to double top levels and will close the gap in the 4450 area to test the support area 4380-4420 as an initial impulse wave down with indicators oversold once we touch that area. As next week at the 9th also has an exact Venus /Uranus square a volatile bounce could go as high as 4525 before the next leg down starts which should break below the wedge support at 4430. Timewise the correction should last til 5th Sep the end of Venus retrograde but as Mercury retrograde overlays the timeframe the effects could be extended til 15th even.
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