Possible Alternate Scenario for Wave 4/5 S&P 500 E-MINI FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! SongWins This is alternate scenario if ES breaks out of my initial target of .5 level, next target (and last) would be at .618 level since Wave 4 cannot cross into Wave 1 territory. Also retraced Wave 5 based on Wave 4's new target.