The ES Daily futures chart is below. If there was an alternating wave iv, that was a Flat sideways compared to a sharp second wave, ii, then it is possible that a high might form as an overlapping diagonal, sketched in below. Such a diagonal would invalidate above 6,160 however.
We did sketch out a diagonal yesterday on the ES 15-min chart. It currently looks like that diagonal is leading or is still in progress (as more contracting waves, with the first diagonal as an 'a' wave of a first wave). But the count remains murky and compressed. If a diagonal is forming on the daily chart, then at least wave ③ should make a new higher high over wave ①. Wave ① has already made a higher high above wave iii to express its character as a motive wave.
Have a great start to the evening and to the weekend.
TraderJoe
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