Following a WXY correction, short the ES below the W4 of the final C leg up. Additionally, significant institutional activity above at the 2730 level is likely selling at the end of the correction. Ultimately it would be expected to reach the previous low in the 2300 area.
The final leg of the "B" wave correction appears to be a diagonal. Once the immediate trendline AND the last swing low is broken, the ES should begin the final "C" leg to the downside.
Completion of elliott wave 4 retracement. Buy when price exceeds previous high and crosses retracement trend line. First target is 100% of previous wave 3 high at approx 66.55. Secondary target is 162% of wave 4 extension at approximately 69.35.
