I have been expecting $ES to move lower, possibly in a huge move down in order to complete “E” of a big “B” wave. I expect this based on the possibility that we’re replicating the dot-com bubble fractal.
On the basis of all of that, we may expect that we’ve entered the minor (green) C wave (of E of B blah blah). That will consist of 5 minute (blue) waves, and perhaps we are in the first of that. On this look, we would expect to move lower in the 3rd minuette (orange) wave to the box below us, consolidate, then make another low to complete minute (blue) 1 before a bounce.
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