Still within what looks like a strong impulsive structure S&P 500 E-MINI FUTURES CME_MINI:ES1! RationalTrader Recent correction migh soon be over as there is strong resistance around current price level which is 0.618 of prospected wave 1 on the chart. Expecting a new fifth impulsive wave to form and break out of the current ascensing triangle and head towards 2267 which is 1.618 of wave 3.