US500 — 5 Waves Completed → Corrective Phase Incoming?US 500CAPITALCOM:US500COLOMBINI-TRADINGThe structure from the April lows appears clean. We can count a completed 5-wave impulsive move: Wave (1) off the lows Sharp Wave (2) retracement Extended Wave (3) with strong momentum Controlled Wave (4) consolidation above the 50 EMA Final push into Wave (5), now approaching exhaustion This is not random price action. This is textbook impulsive structure. What matters now Once a 5-wave sequence completes, the market typically transitions into a corrective phase (ABC). Key level to watch: 👉 7,011 area This level acts as: Prior structure Potential Wave A target Decision zone for buyers Expected scenario If this count is correct, the path forward looks like: A → initial pullback into support B → relief bounce (often traps late buyers) C → final leg lower, deeper correction Important nuance This is NOT necessarily a bearish reversal. This is a correction within a broader structure. Meaning: Trend traders → risk of getting trapped late Mean reversion traders → opportunity phase Position traders → wait for confirmation Bottom line The edge here is not predicting direction. It’s recognizing where we are in the cycle. Right now: 👉 Late impulse → early correction transition If price starts losing structure below 7,011, the ABC scenario gains probability quickly. Until then, this remains a controlled distribution phase.