$ES: Keeps Pushing Higher as Expected

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$ES #ES-mini #rally extension

ES mini keeps climbing higher as expected:

ES- mini 120 min

Lets look at a micro count:

ES-mini 5 min chart

The pre-market drop can be consider a micro wave iv down and that push higher can be counted as a micro wave v up of -a- of -iii- up.

That rally will hit a resistance at 6,547 – 6,550. Then I would expect a flat a-b-c down consolidation in a subwave -b- down of wave -iii- up.

So I expect to see more whipsaw around or right on top of the Monthly Resistance 6,516.25. That whipsaw would build a base for another leg up to 6,640 (the lower edge of the Red Box shown on the 120 min chart shown above).

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