Market is in correction phase, that started a couple of weeks ago (highest price was 4818).
First support touched few days ago at 4575.
If this level will be broken, we envisage a minimum target at 4370 points.
The market returns bullish above 4850 for reaching the 5000 points area.
We confirm the critical support in the 4570-4600 area for SP500.
The divergence between momentum indicator (drawn on bottom of the chart) and market warns that in case of breaking of support, the correction can be very fast in incoming weeks.
On the other way round, anyway, the market will regain momentum on the upside above 4820.