E-mini S&P 500 broke higher on Friday above 2000 psychological level, so we assume that price is now in fifth subwave of an extended wave 3) that can form a top formation - but only temporary, as coming retracement is likely going to be another correction within uptrend. We are looking at red wave 4) that can retrace even back to 1960-1970 region where new bounce may occur. In the meantime, invalidation level at 1943 must not be breached.
E-mini S&P 500, 4H
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