Its possible to count 5 waves down from Friday's high on ES:
Es 5 min chart close up:
The alternate that we are still in the 4th wave down seems unlikely given how much it has retraced (over 61.8%). Clearly, Friday's high would be the invalidation point for this count.
If it does turn out to be correct, it would fit nicely with the completed ending diagonal on SPX that I showed on Saturday. Obviously, be aware that the other counts I showed in the same post anticipate more upside and I don't think the risk of that can be completely discounted at the moment.
Here's a wider view of the 5 min chart for context:
ES 5 min:
