S&P 500 Hit a New ATH _ But Warning Signs Are Appearing!!!US SPX 500OANDA:SPX500USDpejman_zwinIn the past two days, the S&P 500 index(SPX500) has risen over +2.5% and has successfully recorded a new all-time high($7,278.5). Now, the S&P 500 has started pulling back from the Potential Reversal Zone(PRZ), and we can see a negative Regular Divergence(RD-) between two consecutive peaks. From an Elliott Wave perspective, it seems the S&P 500 has completed its five-wave upward cycle, so we can expect a corrective phase. When assets hit all-time highs, it’s generally harder to analyze technically, as we rely on historical data for technical analysis. So, we’ll keep that in mind. I expect the S&P 500 index will continue its corrective move before the market closes, and we may even see a stronger decline toward the final hours. I expect a drop at least toward around $7,216. First Target: $7,216 Second Target: $7,206 Stop Loss(SL): $7,279.5 What do you think about the S&P 500? Can it create new all-time highs, or should we expect a deeper correction? 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌 S&P 500 Index Analyze (SPX500USD), 1-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.