$ES / $SPX / $SPY wave count update

Here is the 12/1/21 after hours wave count update for ES. Obviously SPY and SPX will be similar but this can be cleaner to count at times.

Today we sliced right through a demand zone and parked right on the 50% retracement - also the last peak AVWAP. Based on this move to the downside this can only mean 1 thing - it was a wave 3... This changes my count and now this is what I see being favored. I think we likely are looking for wave 3 bottom (may have found it today) but we still need at least 1 flush lower to complete the 5th wave drop.

I am seeing most likely bottom here to be between 4430 and 4480 on ES. I truly think we can tag that tomorrow - especially if this thing sells overnight.

At this point I think buying the dip with time is a must. My worst case scenario for ES is 4360-4400