S&P 100 recently corrected down strongly after reaching the buy target 838.00 that was set in our earlier technical analysis report for this index. The resistance zone near the resistance level 838.00 (which previously created the top of the earlier intermediate impulse wave (1) at the start of April) formed the top of the latest minor impulse wave 1 of the currently active 3rd intermediate impulse (3).
S&P 100 might correct further down to the next correction target at 822.00 (low of the earlier minor correction 2). If S&P 100 breaks below 822.00 – it can fall further to 810.00.
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