SPX is taking a "breather" dip before the rocket ship blasts off again next week. The current dip is not likely to see much lower with a low due today or Monday at the latest. Then the market will be poised for another surge up next week into the target zone for the next higher high.
After the target zone is reached then a larger dip should occur. However, the final high is not anticipated until the week of June 18th to 22nd.