Targeting 6,500 but how will we get there?

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Targeting 6,500 but how will we get there?S&P 500SP:SPXemanuelaeliasTwo strong weeks of decline have pushed SPX down into the 6,630 area, which previously acted as support back in November and again earlier this month. That level is where price closed Friday, so early this week I’ll be watching to see if a small base forms. Overall, I’m still looking for price to work its way down toward the bottom of the broader range near 6,500, though it likely won’t happen in a straight line.