JabezZinabu
Short

S&P 500 elliot wave correction

CME_MINI:ES1!   S&P 500 E-MINI FUTURES
Looking at a 5 day price chart we see price may have formed a top at the 161.8 fibonnacci extension level-which began from the 2009 low, and followed elliot wave theory up to the 5th wave. Now looking for the corrective move to play out, possibly in the illustrated form.
I'm not sure we have reached the top for the 5th wave just yet.
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