On Thursday I concluded my report:
Therefore the result of the day is a new higher high and another higher low. That is a setup for bulls to start another rally. The micro resistance for Thursday is 4,129. A break over that level would confirm start of a new rally.”
This morning bulls pushed ES over the micro resistance 4,129 and triggered a rally. Our wave count allows bulls to keep pushing to a new higher high in 4,200 area:
Break back under 4,129 would be a warning sign for bulls.
Break under 4,099 would trigger a strong drop.