S&P500 Is a correction to the 1M MA50 technically inevitable?S&P 500 IndexTVC:SPXTradingShotThe S&P500 index (SPX) has been trading within a Channel Up since the March 2009 U.S. Housing Crisis bottom. Within this pattern, the market has periodically peaked and then pulled-back to test at least the 1M MA50 (blue trend-line). The first line of Support has been the 1W MA100 (red trend-line), which covered the three more recent and shorter corrections of 2024, 2025 and now early 2026. However, the last time the index made contact with its 1M MA50 was on the October 2022 bottom. In addition, it is currently on the 2nd longest streak without having the 1M RSI touching the 16-year Buy Zone, which was 52 months (1586 days). In January 2027 we will again complete 52 months since the last RSI Buy Zone test. Technically, the market has a strong 'need' for another 1M MA50 test and even though it is currently at 5500, history has shown that sharp corrections do take place, like Feb-March 2020, Oct-Dec 2018, May-Oct 2011. Also, with the exception of 2015, the other three 1M MA50 corrections have all tested (at least) the 0.382 Fibonacci retracement level from the previous bottom. As a result, even though S&P500 could go a little higher to test the Top of the historic Channel Up, it appears very likely to pull-back and hit at least its 1W MA100 (now around the 6500 region) and with strong probabilities to make a 1M MA50 test after 4 years around 6100, which would be above the 0.382 Fib and on the 0.5 Channel Up Fib. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇