Can we expect another impulse? let's check S&P500 and DOW E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! ThinkingAntsOk Yesterday we saw a sharp decline in the index that was totally recovered by the end of the session. What can we see now based on that? On the Daily chart , we can observe that we are against a major Trendline on the daily chart , and the price reacted there. However, let's take a better look at the 4HS chart. Here we can see that the price is making a corrective structure above a support zone . Yesterday the support zone was broken, and currently, the price is above it. It's possible that we had a bear trap in the previous session, so we can put our attention now on a short-term bullish target. That would be 4000 - 4050 We plan to take advantage of this situation by waiting for the breakout of the Corrective pattern that is happening right now and then looks for a lower correction on the 1H chart. Now, we will pay attention to the DOW index. Similar to the S&P500 , the price is above a key Daily trendline, which provides us even a better signal that the price was able to break that level. Now, let's take a look at the 4HS chart. Here we can see a corrective pattern above a key support zone and the daily trendline. Using Fibo Extenssions, we can define a target of 33.000 with an inner zone to pay attention to at 32.250 We know that the current sentiment is that the price has overextended the bull trend and that we may see a significant correction soon. That's the reason we are currently looking for short-term targets rather than long-term ones. Thanks for reading!