$ES #ELLIOTT WAVE #trading setup #short setup
Bulls squeezed a slighly higher high on Thursday.
But ES closed back under the previos high and back under the Monthly Resistance 5,724.75.

ES-mini 120 min chart
I maintain my bearish bias.
Bears have a setup to turn ES-mini down and test the 5,500 level.
Bears need to break back under 5,600 to confirm the bearish reversal.
PLAN B: If bulls manage to break back over 5,724 I would go long to ride likely extension of teh rally with the target 5,819-5,832.
Micro levels calculated by my Cycle Trader Indicator:

The immediate support is the broken daily resistance = 5,675.Bears need to break that level to open the door for decline down to the Daily support 5,596.