S&P 500 Approaching Strong Resistance

Looking at Impulse Elliot wave - as well as a Heavy resistance met in a descending channel on the Daily. I feel like we are nearing the end of a run and entering into a correction. I fully expect us to retest the high of wave 2. As you can see each impulse has been met with roughly a 7% gain. I would expect this last leg up to potentially acquire that aswell before correcting.