$ES #ES-mini #topping #rally extension #weekend
We have been accurately tracking an unfolding impulsive structure off the major low made in April 2025. For several months that wave count helped us to stay on the right side of a trade, we kept expecting higher highs to be made after each successive pullback.
On the 240 min chart of ES-mini shown below we can see that our wave count considers the very last push higher as the final micro wave -v- of (c) of (v) up of the five wave up structure off the April’2025 low.
ES-mii 240 min chart
Let’s zoom in:
ES-mini 240 min chart
That micro count shows that the subwave -c- of wave -v- looks quite short in comparison to the subwave -a- of wave -v- up. That means bulls could push ES-mini higher up to 6,800.
Now let’s go really micro to a 5 min chart:
ES-mini 5 min chart
In conclusion:
We can move the critical support // invalidation level up to 6,687 (Friday morning low).
As long as bulls hold ES-mini over that level, bulls will be in control and will be able to produce another micro five wave up structure up top 6,780 – 6,800.
Break under 6,687 support would be the first bearish sign, the first confirmation that the structure of the whole five wavve up rally off the April 2025 low has completed.