Expecting Cool-Down Thursday

ES rallied to a high of 3918 on Wednesday completing a small a wave of this higher B apart of its corrective journey lower (later).

For now, I expect oscillators to reset and price to challenge the opening gap from GLOBEX open for Wednesday. Thursday target is outlined below (3840-3860) at which point breadth should suggest one more move higher to complete this rally.

Positions:
ES Butterfly 3840/3860/3880 12/22