Market Pushes to New Highs – Eyes on the Upper Fib

Today, we saw the market once again push to new highs after several failed attempts to break support. With that move, price is now making another attempt at the upper Fibonacci target, which still comes in at the 6384 level. Whether we can actually reach that level remains to be seen—but with this morning's new high, that target is now in play.

From a wave count perspective, nothing of significance has changed. We remain in a very full and extended structure, but we still need to see a break of support below to signal that a top may have been struck. That key support zone remains unchanged and continues to come in at the 6185–6135 region on the ES. Until that area breaks, we do not yet have confirmation of a top.