Here's an update on ES incorporating today's sell-off, with counts matching those of SPX in Taking Shape (9/2/11).
The bearish count is straightforward, the bullish count is of interest (flat-x-zz, or a simple zigzag from a truncated high) if a rebound materializes. The second chart offers a squiggle count based on the bullish interpretation ( x wave or 2nd wave retrace).
