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S&P500 hits target, Time for a correction?

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Índice S&P 500 (SP:SPX)  
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SP:SPX   Índice S&P 500
Trend Analysis Chart Patterns S&P 500 (SPX500) SPX (S&P 500 Index) sp500index sp500analysis spxanalysis spxforecast
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trendanalysis chartpattern spx500 spx sp500index sp500analysis spxanalysis spxforecast
The S&P500 has hit our first target a couple of days ago. Now the price is at the lower level of the resistance zone. This could mean that a correction is due.

I believe that the resistance will be either broken or held at the end of the week. In this case, the most likely scenario is that the resistance will hold, and that we'll see lower prices for the upcoming weeks.

This post gets invalidated the moment the lower resistance level breaks.
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