S&P500 retracement E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! Auguraltrader The next 2-4 weeks should see a decent 5% retracement of the S&P500 . Broken down of supporting trend line , Daily and Weekly indicators turning down, suggest very strongly a retracement is overdue. Am not expecting it to be very deep, targetting 4020, or worse case, 3840. Thing is, look out for the upside...