This A up, B down, C up consolidation that started at the end of September looks kike a corrective wave 4 up:
If we zoom-in to 30 min chart we could make a micro count that fits that macro:
Under the micro we can see ES-mini stretching higher to make one more higher high and tag 176.4% ext of subwave A up = 3,939. It can stretch even higher to test that critical resistance at 3,951, the critical 66.7% retracement of the preceding decline.
According to that bearish wave count, that rally should be followed by an impulsive decline in subwave A of wave 5 down targeting the low made by wave 3 down = 3,590 – 3,570.