S&P 500: Flat Correction Ahead of Final RallyS&P 500 IndexTVC:SPXaibekS&P 500 index has a beautiful textbook impulse as we saw yesterday in Nasdaq 100 Here wave 4 is still in progress as broad market takes its time It shapes possible flat correction ABC Wave A is done, wave B is in the making as it can still retest the all-time high of $7,621 Then another drop within wave C is anticipated to commence It could touch the valley of wave A at $7,238 on the opposite side After that, another rally within wave 5 is projected with minimum target at all-time high of $7,621 Next preliminary target area is highlighted with the blue box between $7,735 and $8,040 representing 38.2-61.8% Fibonacci ratios of waves 1-3 It should be adjusted once the actual valley of wave 4 is established