The SP500 dropped 291 points from the last high which is close to 10% correction. It broke key demand levels on the other hand. However, since price is at demand, there's definitely an apportunity for buying. Overall the SP500 is still bullish.
Verdict: Long
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After the correction It went north and then for a bigger correction. Our forecasts shows around 2320. Short term Correction and long term still bullish.