$ES #ES-mini
ES-mini does not move up strongly despite a decent long setup. I want to share a less bullish scenario for the path of the wave (v) up.

ES-mini 120 min chart
That less bullish scenario still allows bulls to produce two more all time highs before the five wave up structure of the rally off the April 25 low finally makes the top
Under that compressed micro five wave up structure, the micro wave -iii- up can top at 6,500 and the wave -v- up can stretch up to 6,560 – 6,590.
The key support is the broken Monthly Resistance 6,377. Break under that level would mean some other more bearish scenario is playing out.
The Daily levels are:

Here ES has approached an immediate support 6,414.50.
After two lower highs bears can feel brave enough to break under that immediate support. In that case bears should be able to push ES lower down to the Daily pivot 6,375.25.
