Weekly review / Седмичен преглед

I think the correction is nearing its end. I expect a higher low followed by a move higher.
Another option is lower low but short living with divergence.

SP500 is finding support at EMA50 and the trend line. The correction is running for three weeks already without significant price retracement - less than 4%. A lot of overlapping moves - up and down, the histogram is working on its through low... This move looks like and feels like correction. Higher low or lower low the next move should be a rally to marginal new high.
The scenarios are shown bellow. Highest probability - move higher will follow.
Alternate scenario if we brake the trend line - we have already saw an intermediate term top.