Last week we had bullish expectations upon completion of a corrective

ES-mini 120 min chart posted on Wednesday
We concluded the analysis with prediction of another rally targetng a new all time high. What encouraged me to come up with taht bullish forecast was a clean (a) down, (b) up, (c) down structure shaped as an ultra bullish Running Flat structure.
This is how that chart looks like now:

ES-mini 120 min chart
You can see an almost vertical push up off the Green Box.
Now let’s zoom-in to a micro 15 min chart:

ES-mini 15 min chart
Our expectations were to get a five wave up rally off the Green Box.
Therefore, I count the pop we got last Friday as a potential micro subwave -a- of wave -iii- of ( v ) up. Then, the overnight decline is a subwave -b- down of wave -iii- up.
I have added a green box that should catch that decline ( starts at 6,452).
If bulls manage to stop this bleeding in the new small green box, they will be able to produce another strong push up in the subwave -a- of wave -iii- up to the target 1 = 6,616.