$ES #Running Flat
Here bulls have a setup to start an accelerated rally under an alternative Very bullish scenario:

ES-mini 10 min chart
This short move down can be counted as a subwave c that completes a correctve a-b-c down structure setting the stage for another rally.
We can set a protective stop under 6,736.
We can see a similar setup brewing in NQ-mini:

NQ-mini 120 min chart
But I would wait for NQ to play a short move down to the Green Box. The first support is 24,805, the upper edge of the Green box.