ES, the index decline in a five-wave impulse remains the priority scenario. Now the price is in a small wave iii of the impulse and continues to develop a downward movement. Cancellation of the scenario - growth above 3712.
We continue to watch the rally in the dollar index. The 5th wave impulse has ended or almost ended, there is a possibility of updating the local maximum at 114.76 with the target of growth to 116.40. The decrease of the index below 110.05 will mean that the correction has begun, and the level of 104.75 will be the first target of the decline.