Happy Solstice to any pagans out there.
I hope $ES is finally going to give us a trending market. The move off yesterday’s lows is off to a great start. I would count us as being within the 3rd wave of minuette (orange) degree. The typical length would take us to the orange box, but it may also extend to either of the two extensions above that if it needs to (or even higher, too, but that would be getting extreme). After the 3rd wave is complete, we would like to see a 4th, then a 5th to complete minute (blue) 1 before getting a 3-wave pullback.
[UPDATE]: Since we have come to the 2.618 fib today, I will file this under “Successful Calls.”