$ES #ES-mini #trading setup #Elliott Wave
This afternoon I reiterated my bullish view for subscribers of my chat room:
“So far all bears did is a flat -a-b-c- down structure at the top, a textbook corrective consolidation. That second leg down has already made five micro waves… A break over the red trend line would be the first confirmation that this corrective -a-b-c- down structure has been completed. This wave count allows bulls to start another leg up upon completion of the subwave -c- down”.
This is how a micro count of ES-mini looked like at 2-53 PM EST:

… and this is how it looked like at 4-00 PM EST:

This is what I noted at close: “Good move up! If NVDA reports well after close we can see a gap up on Thursday”.
… and this is how it looked like after NVDA reported:

By the way, for subscribers of the All Inclusive plan I correctly predicted that rally in NVDA:

I shared my bullish outlook for NVDA stock price with subscribers of my chat room:
“I think that drop is a decent long opportunity for another rally that may get triggered after NVDA reports this week. The target for the next move up is 800”.
Now let’s come back to ES-mini:

We can count that pop as a subwave a of wave v up that still has room to climb higher to re-test the previous high made by the wave iii up at 5,060sh.
The ultimate target for this micro wave v up is 5,120 – 5,150.