Is it just a seasonal correction in the financial markets or is it the beginning?

 Markets Technical  analysis

SP 500 drop down hard after settled new record last week, are we going to get a false breakout or its only a healthy correction for the last move?

historically it has been a short-term bearish sign for the U.S. stock market in September over the years – S&P 500 tends to make a short-term pullback in September
but this year is a bit unique because this year S&P 500 made a monthly closing all-time high in August and this is not common at all.

Today we have NFP & Unemployment Rate announcement in the US market :
Expectations are for further improvement in the economic environment
Lower unemployment and fewer job seekers Expectations will have to meet the test of expectations and are high in these numbers: If the actual figures are significantly lower, this may create negative pressure on the markets, on the other hand, it is also possible that this will cause a lowering of the interest rate expectations.

last post: The markets set new highs after the big correction at the beginning of the year, where are they headed from here?

SP 500 ANALYSIS

Technical analysis view: 

This time I brought a clean price chart
One can see the clear convergence, which was one of the declines that began in January
An examination of the level of resistance, buyers versus sellers is reflected well on the price graph of the index In my opinion, in May, the beginning of the real recovery can be seen very well. What now?
As I said, and from the technical perspective, the level of support can be clearly seen in the previous peak area at the beginning of the year, when I think that the main level lies in the price level of 2820-2830. The continuation of the move moves towards high price levels and creating new highs