Market has shifted to a lower rising channel. Correction due

9 mag

I believe the market has discounted the tariff effect and now shifted to a lower channel.
If that is the case, then a normal correction of 5% is imminent, as it encounters multiple resistance trendlines. The inflation (CPI) numbers on 13 May could be a catalyst

13 mag

Trade attivo

SPX broke through the resistance and back inside the old channel. I have to cancel my previous assumption of falling into a new channel