$ES: Perfectly Follows Our Bullish Path

  • CastAwayTrader
  • August 12, 2025
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$ES #ES-mini #rally acceleration

The micro a-b-c down pullback we got on Monday built a base for the second leg up, an accelerated rally in a subwave -c- of wave -iii- up:

ES-mini 120 min chart

The target 1 for the rally is 6,500.

A protective stop has to be placed under 6,397.

Let’s look at levels calculated and drawn by my Cycle Trader indicator for TradingView:

At 8-30 AM EST bulls reclaimed the black Daily pivot 6,407.50 and pushed to the Daily resistance 6,425.75.

Break over the daily resistance 6,425.75 opened the door for a big extension of the rally up to the Secondary daily resistance. The secondary daily resistance reserved for strong trending days is 6,474.25.

published at 12:27 PM

This is how a clean breakout looks like:

ES-mini 120 min chart

We should get a five wave up rally off the low made on Monday:

ES-mini 15 min chart

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