S&P500 futures (ES1!) has completed impulse cycle in five wave. This impulse is the 5th wave of major impulse in 4 hr time frame. so next possible move will be huge bearish or better be choppy. So stay bearish with stops above 3348. After breaking price below 3301 level, it will confirm the thesis. Once it broken down, the next possible target zone will be 3100-2950.