$ES #ES-mii #ElliottWave #trading setup
The alternative bullish scenario allows bulls to make a new all time high in a micro wave (v) up:

ES-mini 8 hour chart
The rally extended overnight and hit 6,125, retesting the high made in mid Nov’2024.
Bearish scenario:
Bears still can count that structureless short covering rally as a textbook subwave c of a corrective wave -b- up:

ES-mini 8 hour chart
The last line of defense for bear sis 6,146.