Analysis of the Chart:
Bull Run Identified:
Two bullish trends are highlighted after 10% corrections.
After each pullback of ~10%, the market resumed its upward trajectory.
Correction Zones:
First correction (~10.29%) occurred in mid-2023.
Second correction (~10.27%) happened recently in early 2025.
These corrections are typical in bull markets, indicating healthy price consolidations before further upside.
Next Target:
The chart suggests a potential next target of 8000 for SPX.
This implies a continued bullish trend and significant upside.
Conclusion:
The S&P 500 has experienced multiple bull runs after 10% corrections, indicating a strong uptrend.
If historical patterns repeat, the market could move towards 8000, provided macroeconomic conditions remain supportive.