$ES: Bulls Still Can Push Higher

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$ES #ES-mini

Yesterday we correctly predicted another push higher.

As we expected, the micro wave -v- up has made a higher high:

ES-mini 120 min chart


Bulls still can push ES-mini higher because the wave -v- up normally stretches up to 176.4% to 200% or even 223.6% of the size of the decline in the wave -iv- down.

There is a very bullish setup on a micro scale that allows bulls to make two more pushes up:

ES-mini 15 min chart, the most bullish micro count

Note that I moved the protective stop up to 6,465.

Yes, bulls can squeeze another extension or two for 50-60 points more.

But you have to keep in mind, that The micro structure of the big rally off the April low looks 98%-99% completed. Upon its completion, in the most optimistic bullish case, we should at least expect a large (a) down, (b) up, (c) down consolidation.

The target 1 for the wave ( a ) down will be 6,400.

The target 2 will be 6,260.

In summary, while upside potential is limited to about +60 points, the downside risk for the next move could reach -250 points.


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$ES: Bulls Still Can Push Higher

$ES #ES-mini Yesterday we correctly predicted another push higher. As we expected, the micro wave -v- up has made a

CastAwayTrader August 15, 2025

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