ES Weekly Chart Analysis – Potential Medium-Term Top?

The E-mini S&P 500 (ES) may have printed a temporary medium-term top at 6167.25, potentially initiating a Wave 4 correction (yellow circle). If this count holds, we could see prices retracing toward the 5115 area.

🔹 Key Levels to Watch:
✅ Bullish Bias: The trend remains firmly bullish until we start trading below 5715 and break the ascending channel's trendline.
❌ Bearish Confirmation: A decisive break below 5715 would strengthen the case for a deeper retracement, increasing the probability of a more extended correction.

🚨 No clear confirmation of the top yet! Until we see structural weakness, the primary trend remains bullish.

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