CME_MINI:ES1!   Futures E-mini S&P 500
Price action in orange ellipse appears corrective, and in that light I feel more confident that the move from 5333.50 to 4963.50 was a complete impulse wave. From here, I see two possibilities: the bullish count (green) would have us at or near the low of today, with a move back up towards 5154.25 to complete a (B) wave; the bearish count (red) would have us continue lower today and break the low of 4963.50 with impulsive price action.
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