$ES: What Spark Bulls Need to Start a Rally?

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$ES #bullish reversal #bottom

The macro wave count allows bulls to turn ES up and start a new five wave up rally targeting 7,200:

ES-mini 120 min chart

Here ES-mini might be working on a multi week trough comparable to the April 2025 low. This is why we can not exclude possibility for another push to a slightly lower low deeper into the green band. It should be noted that quite often a wave (iv) down re-tests / undershoots the low made b the previous pullback in a corrective wave -iv- down ( a pullback of one degree lower). That low was made at 6,540

Note that S3 weekly level is located at 6,534. And Monthly S2 level is located at 6,550.

What can make me conclude that ES-mini might have bottomed? I would require bulls to reclaim the broken weekly support 6,715 to confirm the bullish reversal.

This morning bulls attempted to reclaim that level but failed:

You can see levels calculated and drawn by my new Week Opening Range indicator for TradingView.

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