Tuesday’s trade continues the current string of awesome trading with solid profitability.  The ES caught a downdraft during the globex session with the market beginning the U.S. session down over 50 points.  I have updated the labeling by putting the completion point for Minor 4 at today’s 4400 high.  This suggests that Minor wave 4 ended in a failure as it did not take out the high at 4411.   The currently weakness has me leaning more towards the Minor 4th wave being complete and the Minor wave 5 being underway now.  If this is the case expectations would again include additional acceleration lower with a break below 4212 imminent.  I have added Fibonacci extensions for Minor wave 5, which give support levels at 4276, 4211, 4199 to 4185, 4137.  Fibonacci support is also found at 4074, 4029, 3986 and then 3873, which is where Minor wave 5 would be equal in length to Minor wave 3.