Turn day?

Current position: short @ ES 1095.75, S&R @ 1113.75

 
ES is showing a very impulsive 5 waves down from the high overnight into today's low.  You can see it very clearly on the 5 min chart:

This highlights one of the reasons I keep 24 hour ES charts (outside of the fact that I trade ES) - often the picture is much clearer than what can be seen on a chart of the SPX over daytime trading hours.
If there is going to be a P3 as a lot of folks think this would be a likely kickoff.  As I mentioned yesterday, the rally from the low of Feb 5 has pushed the price & time envelope if it's just a correction to the selloff that started in January.  So this dump today is almost right on cue.  As usual though nothing is for certain.  Also, given the nice impulse down today one would expect a retrace towards the high before any follow through selling, so tomorrow may not clear the picture up very much.