$ES #ES-mini #ElliottWave #tradig setup #breakout
Yesterday bulls managed to break over 6,103, the Monthly Resistance for Feb 2025.
The nest hurdle to clear is 6,165, the 2025 Yearly Resistance Level.
Bulls have been pushing ES mini along the path we discussed yesterday:

ES-mini 120 min chart
In the most pessimistic scenario another push to 6,165 (a min required 76.4% ext of a micro wave -i- up) should be followed by a slat three wave consolidation in a range 6,165 – 6,103..
Upon completion of that consolidation in a subwave -b- down of wave -iii- up we should get an accelerated rally in the strongest part of the wave -iii- up, its subwave -c- up, targeting 6,260.
Bears can get back in the game if they manage to push ES-mini under 6,103. Until that happens bulls will be in control.