$ES: Bulls Pushing ES Up out of the Green Demand Zone

$ES #GreenDemandZone #long_setup

Last week bears pushed ES-mini into our green demand zone. We counted the whole Nov’25 decline as a completed corrective wave (iv) down:

ES-mini 120 min chart

Completion of a corrective wave (iv) down allowed bulls to start a new five wave up rally in a wave (v) up that can push ES over 7,200.

Under that bullish macro scenario we need to identify the first completed five wave up structure on a micro scale that we wil count as a micro wave -i- up.

hen we will expect a corrective three wave decline in a micro wave -ii- down making a higher low.

That would be a reliable -i- up, -ii- down long setup.

The broken weekly support from last week is 6,714.75. This morning rally has tested it. That is the ideal place for bears to step in and start an a-b-c down pullback in a wave -b- down.

ES-mini 15 min chart

In 30 minutes we will get the new Weekly Opening Range formed. That would set important levels for the whole week.

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