$ES #ES-mini #trading setup #a-b-c up #Elliott Wave
Yesterday I shared an expected path for continuation of the corrective a-b-c up bounce off the low made last Friday:

In my Premium Chat room I shared this micro path on a 15 min chart:

This is how that chart looks like now:

As long as bulls hold ES over 4,371 that consolidation looks bullish because it is building a flat base for another push higher in the second leg up off the Friday morning low.
Now let’s zoom out to a 240 min chart to see a bigger picture:

I think ES-mini keeps working on a large corrective –a up, -b- down, -c- up corrective structure in a wave B up targeting the Red Box. In the previous report I explained that such a rally would complete the Right shoulder of macro bearish “head and shoulders” reversal pattern.
BONUS:
Note how the 55 Hull MA turned up strongly on 240 min chart (it turned to green from red):

Not that green Hull MA will be working as a support (that Hull 55 MA is currently located at 4,383.50).