In line with yesterday’s thought, $ES has entered a pullback. And so far at least it is shallow, and messy. The structure as a whole does not count well as an impulse, but can be counted as a correction. I am inclined to count it as below. I would like to see another drop as that would make minuette (orange) c the length of minuette (orange) a, and would make minute (blue) 4 deeper. As it is now, it seems much too shallow to be counted as a wave 4 of this degree. Even getting down to that box would still make it very shallow, but it wouldn’t be quite so egregious.
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