Yep, quite the drop that is projecting & I guess it does look a little funny to see the price-projection arrows plunging way down below the price area of the chart. Of course, those arrow breaks show the support levels, each of which need to be taken out to open the door to the next leg down so I view that as a series of contingencies, each arrow contingent on the break of the support level above but most important are the /NQ 7650 & /ES 2894 levels as I would suspect that if/when they both are taken out with conviction, the selling will start to accelerate to the downside with any reactions at each of the following support levels likely to minor, if at all.

First things first & that is the battle at /NQ 7650 which has been raging all morning since the first tag & brief momentum-fueled overshoot & snap back above that level 2-hour ago.