$ES = More downside, the bear flag and $3914 - $4376 targets

If you look at the chart, you can see that ever since April 7th, we've been consolidating in a bear flag.

I think what's most likely here is that we break down and hit one of the targets below. The reason being, if we look at the chart since the start of the correction, we've seen 4/5 waves so far, so it would make sense that there'd be a final leg down.

Let's see if we end up hitting one of the targets. If we do, it'll mark the bottom of the correction.