SPX500 short correction may come. The analysis shows two orange squares. A corrective movement is forming within these squares. These correction wave sequences or in other words correction fractals are bounded by two ATR axes. I expect the current correction to last a few days with a range of 4652-4730 usd. After the correction is completed, a further rise may come, which is supported by the weekly chart analysis. Therefore, as a medium term investor I am not shorting but rather sitting in a LONG position and waiting.