Tuesday’s trade produced the bulk of the minute wave 3 of Minor 3.  The ES did break below support at 4572 and appears to need an additional leg down before the minute wave 3 is complete.  Support remains below at 4553 and then 4520.  Once complete expectations would be for a minute 4th wave bounce which at this juncture would likely be held below 4585 to 4600.  Minor wave 3 is still expected to drop the ES to support at 4503, with potential for a stronger decline to support at 4447.  Again, once complete we should see a bit larger Minor 4th wave correction and once wave 3 is complete I will be able to supply Fibonacci retracements for wave 4.  Ultimately though, the ES carries potential for dropping towards the Daily 200 MA at 4394 before the initial Minor degree 5 waves down is complete.