Price Projection- Downside Targets Update #4

Update 3:32pm EST. Defying a count or an extension so waiting for vectors to clue us in.

Update: 1:15pm EST. ES 3034 measured extension looks like a 3/C target. Drop is virus expectation coincidence just like first drop was. A wave 4 back up could theoretically reach 3179.85 before it is no longer a 4th wave up.

Update: 12:08pm EST. Next lower target ES 3045.50 zone. A large retrace from a 5% +/- ES decline would be expected but is not required.

Update: 11:23am EST. A bounce at target this early in the day (ES 3080 zone) may indicate a minor retrace overall back up from here with still lower targets to follow. However, with no negative value on the signal parameter of the breadth MACD (nyad) (12, 26. 9); (-25, +70, -97) on the weekly chart, the print remains open to the possibility of an upside retrace in the market before continuing back down. Alternate is that the move down is a done deal for now until more negative values develop in the breath indicator although it is not a requirement given the rare and unusual market status of a Grand Super Cycle Wave 3 terminating sequence under construction.

Currently VXX zeroing in on the 'Y' target at 35.32 zone. Watching for behavior after that hits.

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The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/30/20, 5/11/20)

..and possible bounces/bottoms: (2/28/20) , (3/23/20)

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Update: 6/11/20 9:09am EST.