Next Move on ES Could be Huge E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! dereckcoatney *If* this ES wave count is correct, the next move down will be a complete terror (blessing). This counter rally has retraced to the 65% fib, characteristic of a wave 2 (pink degree). 3 is the money shot. I have placed it on the chart, but in reality it would go much lower.