$ES #ES-mini #trading setup #trading futures
We keep watching the same bullish counts that allow bulls to keep pushing both indices higher.
NQ stopped the decline right at the weekly support 1 = 18,440 yesterday. The structure of teh decline to the weekly support looks like a cotrrective w-x-y structure. A completed corrective structure allows bulls to start another rally.
Note that NQ has already tested the resistance 18,630 four times already:

Bulls should be able to break over the resistance on the 5th or the 6th attempt. We can get a spike up over the 18,630 that can tag the Red target box. In the most bullish scenario, the pullback of this week is a subwave b of wave iii up that shoudl be followed by a strong rally in a subwave c of wavce iii up targeting 19,000, the upper edge of the Red box.
In conclusion, NQ looks ready for a pop.
Now let’s update teh chart of ES-mini futures:

Yesterday bulls finally made the first push up towards the Red target box. The bullish wave count allows bulls to keep pushing higher with small pullbacks.
The weekly trend is up.
Bears tested the weekly support 1 = 5,267.75 on Tuesday and failed to break that support.
ES has been trading OVER the broken resistance for Thursday 5,294.50 since Wed evening.
That level is the key support for today.