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Cycle Alignment Points to Impending Market Correction

The market is in a rising wedge pushing against resistance, requiring a move above xxxx for an upside breakout or a close below xxxx to break the uptrend. While short-term technical bias remains bullish, indicators show a lack of thrust, placing the market in a high-risk window as it nears potential long-term cycle tops. 

Here are the support and resistance levels, cycle projections, and indicators to watch to determine the direction of the next big move. 

Market Broke Long-Term Trend and Cycle Indicators Turned Lower

The market is in a rising wedge pushing against resistance, requiring a move above xxxx for an upside breakout or a close below xxxx to break the uptrend. While short-term technical bias remains bullish, indicators show a lack of thrust, placing the market in a high-risk window as it nears potential long-term cycle tops. 

Here are the support and resistance levels, cycle projections, and indicators to watch to determine the direction of the next big move. 

S&P 500 Breaks Below Key Trendline at Cycle Top

The market is in a rising wedge pushing against resistance, requiring a move above xxxx for an upside breakout or a close below xxxx to break the uptrend. While short-term technical bias remains bullish, indicators show a lack of thrust, placing the market in a high-risk window as it nears potential long-term cycle tops. 

Here are the support and resistance levels, cycle projections, and indicators to watch to determine the direction of the next big move.