$ES #ES-mini #trading setup #Elliott Wave
.I expect bulls to make another run higher upon completion f that move down that I count as a subwave -c- or subwave -y- of a wave -iv- down. A preliminary target 1 for an upcoming move higher is 5,630.

Here ES-mini sits at a weekly support 5,511. Bulls could start a new leg up from here. Alternatively, bears may try to push ES lower one more time to 5,484 to tag the Green demand zone to complete the second leg down in a wave -y- down.
Bulls need to break over 5,541 resistance to confirm completion of a corrective consolidation and start of a new rally.