I can't buy the bear case here. I've been bullish for a little while, and it's all conforming to the hypothesis so far. I'm going to hold it to it until it doesn't.
The daily ES charts look very strong now. We just got our MACD buy signal, and price is resting on the 13 day MA. I think holding at or over the 13 day MA is a hold for any longs.
My hypothesis is primarily a flat from the 5/25 lows. There is a possibility for a zig-zag, but in the end I think it doesn't change the outcome much. A proper flat should take us above the recent highs around 1100, but would likely push higher into say 1150 or so.