E-mini S&P 500 is trading at a new all time highs which we said would happen already at the end of October as decline from the high was corrective at that time. We labeled it as wave IV which sent price higher into wave V. Notice that leg up from 2028 is labeled as an A-B-C move and not an impulse, which is fine as we believe that market can be making an ending diagonal, a powerfull reversal pattern now in final stages that could find a top near 2220-2250 area. A decline back below 2147 would be the first indication of a trend change.
S&P 500, 4H