The e-mini S&P went to its first price objective of the move up at 1094 and so far has not been able to continue towards its second price objective at 1125 which is just about where the last down moves started from (the horizontal black bar marking a double top). To start a new move down, price would have to go through 1084 and the first price objective would be 1062. The indicator is extended in the overbought area.
Arthur
Trading One 
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