ES - waiting for the final push higher to make a new higher high
ES - 240 min chart updated at 4-00 PM on 4-19-2020
On a micro scale ES bottomed in a micro corrective wave -iv- down on Friday.
And by Friday close it started to climb as expected in the final wave -v- up that has to make a higher high over the top made last week at 2,883.
“ES – holds potential for another push higher”.
ES - 30 min chart updated at 4-00 PM on 4-19-2020
On Friday morning we discussed the next supply zone at 2,960 – 2,982.
It is waiting up there to resist the last push higher.
As soon as ES makes a higher high over 2,883 we will move our critical support to Friday low made at 2,821.
That will help us to get confirmation of completion of the whole -A-B-C up structure by breakdown under 2,821 new support.
But I want to clarify again that this new support will get activated only after a new higher high over 2,883 is made.
ES - 30 min chart updated at 4-00 PM on 4-19-2020
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