ES: Panic Attack Over, Or The Start of a Correction?

Heading into the final 15 minutes of trading, ES has recovered about 22 points of its plunge from this AM's new recovery rally high at 2819.75 to the intraday low at at 2767.50.

Given the intermediate roll over of Momentum, it is difficult for me to believe that today's 52.25 point decline represented the completion of another mini-corrective panic attack that has cleared the way for an immediate resumption of the dominant uptrend. If my suspicions prove reasonably accurate, then the ES recovery should fail in and around the 2792-2800 area, at which time the price structure will roll over into a retest and break of key near term support at 2764-2767, in route to targets in the vicinity of 2735/40, and 2715/20... Last is 2788.50

3 04 ES 30 Min chart 335 GIF
3 04 ES 30 Min chart 335 GIF

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