On the daily chart, price on the ES futures contract went up to the upper daily Bollinger Band. We 'can' count five waves up, which may not exactly be done yet, but they could be. The daily chart of the ES futures is below. Note that this up wave exceeded a prior high in "less time" than the down wave took to form from the point shown (blue arrow to dashed line).
So, this could be minute-ⓘ of Minor C, or just minuet (i) of Minor C. Time will tell. The hourly chart is below.
It looks live five-up with an extended first wave, as we suspected. Of course, the upper band is just where Ira's method would expect profit-taking from the Smart Money.
Have an excellent start to the evening,
TraderJoe
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