$ES #ES-mini #topping
Bulls pushed ES-mini all the way up to the upper edge of the Red Target box:

ES-mini 30 min chart
The impulsive five wave up looks completed by now. That means that staying long in that overextended rally becomes risky. Bulls can push higher but at this point we can expect a pullback.
ES-mini is extremely overbought on a weekly timeframe:

ES-mini 30 min chart // MTF Cycle Trader indicator by CastAwayTrader
Last time ES was Extremely Overbought on Weekly in Oct 2025:

ES-mini 30 min chart // MTF Cycle Trader indicator by CastAwayTrader
Now I am waiting for confirmation of a bearish reversal.
The key support now id 7,320, the broken Monthly Resistance :

ES-mini 30 min chart // Month Opening Range indicator by CastAwayTrader
Until bears push ES back under 7,320 they will stay in control and can produce another small push higher.