Subscription: Access to Micro Counts of US indices
ES - this move down makes me switch to more bearish scenario
This move down killed the scenario where we could have got a higher bounce in wave b up.
It makes me switch to a bearish scenario where this drop has an impulsive structure. I particular decline today is counted as wave a of iii down that may target 2,840. In addition, this move down structured as five waves may have a long term target at 2,740 (Target 2 ) on the chart.