SPX Bullish Correction for Higher?

Jul 15, 2021

Here is my first scenario for the current market condition with about a 30-day outlook. It's probable that we started a new 5 wave cycle off the pandemic low and are now in the 4th wave correction. We also have bearish rsi divergence at play on the daily. I do have an alternate scenario that would far more bearish than this one. If I have time and this idea gets some likes and traction I'll post the second scenario. Or, if you would like to see it then ask in the comment section.