this is one of probably many possible scenario's for NQ you reach a new all time high. Though it is still far away from even establishing a new up trend, if it does break out to the up side this may be the path. I may be putting the cart before the horse as breaking an established trend takes a lot of energy. Also you can see some bullish divergence forming. I'm watching you NQ!
Comment:
Sorry title should read NQ. Not ES