S&P 500 at Potential Reversal Zone—Is a Bigger Correction Next?US SPX 500OANDA:SPX500USDpejman_zwinThe S&P 500(SPX500) reacted strongly to the recent support zone($7,463-$7,430) and Support Lines, which led to another bullish move. However, the index is currently trading near the key trading level of $7,500 and the Potential Reversal Zone (PRZ). From an Elliott Wave perspective, Wave C appears to have been completed through an Ending Diagonal pattern. The lower trendline of this pattern has already been broken, and the S&P 500 is currently pulling back to retest it. I expect the S&P 500 to break below the support zone($7,463-$7,430) and support lines in the coming sessions and decline at least toward the $7,413 level. Target: $7,413 Stop Loss(SL): $7,548 Note: Since tensions in the Middle East continue to escalate, any related news could have an immediate impact on the S&P 500. Therefore, be sure to monitor geopolitical developments closely and manage your risk carefully. Note: If the S&P 500 begins to decline with strong bearish momentum, it could have a rapid and direct impact on the cryptocurrency market, especially Bitcoin(BTCUSDT)What do you think? What’s your view on the S&P 500? Do you think it can print new all-time highs again, 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), 4-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.