More correction for S&P500

The New York street sign showing Wall Street outside the New York Stock Exchange.

After reaching a top of 2401 in March, further corrections can be expected for the S&P500, according to Ron Meisels at Phases and Cycles. After falling to its 50-day MA, a minimum decline to 2322 can expected, and then to 2245, its current 200-day MA.

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