Normally when market completes a five wave move, the direction of a trend will change with minimum three waves. And this is exactly what is expected on E-mini S&P500. We can see five waves up from 1981 with five sub-waves in red wave 5) from 2141 so we have all the pieces of the puzzle in place that can cause a bearish turn. Ideally current weakness from the highs will unfold as a three wave set-back towards the 2141 area, with a possibility of wave A being already completed.
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