S&P 500 broke to a new high after nasty sharp leg down to 2543 last week, which was only a temporary weakness as a part of a irregular corrective wave 4. So far we can see a nice leg up, which can already be pointing to a bearish reversal, as a potential top may have been found around the upper channel line. A drop in minor five-waves and below the lower channel line would indicate a three-wave decline.
S&P 500, 4H
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