In my previous update posted at midnight I predicted a higher bounce in a corrective wave iv up. And we got a rally from 2,885 to 2,903. Technically speaking we have got a completed structure for wave iv up to start dropping again in the final wave v down that would complete wave ( c ) and set a stage for a bigger pullback up. However, there is a chance that bulls push ES a bit higher to 2910 before a new decline unfolds.